About Better Origin
Better Origin is a company based in Cambridge (United Kingdom) founded in 2019 by Fotis Fotiadis and Miha Pipan.. Better Origin has raised $19.5 million across 6 funding rounds from investors including UK Research and Innovation, European Union and Balderton Capital. The company has 25 employees as of March 31, 2024. Better Origin offers products and services including Insect Products and Pet Food Range. Better Origin operates in a competitive market with competitors including Livin Farms, EntoCube, Omma, Bug Factory and BugBox, among others.
- Headquarter Cambridge, United Kingdom
- Employees 25 as on 31 Mar, 2024
- Founders Fotis Fotiadis, Miha Pipan
- Stage Minicorn
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Sectors
Agriculture
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Entomics Biosystems Limited
- Date of Incorporation 02 Nov, 2015
- Jurisdiction CAMBRIDGE, CAMBRIDGESHIRE, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$19.5 M (USD)
in 6 rounds
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Latest Funding Round
$503.68 K (USD), Series A
Apr 02, 2024
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Investors
UK Research and Innovation
& 6 more
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Employee Count
25
as on Mar 31, 2024
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Products & Services of Better Origin
Better Origin offers a comprehensive portfolio of products and services, including Insect Products and Pet Food Range. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Nutrient-rich feed from black soldier fly larvae for sustainable agriculture applications.
Insect-based products providing balanced, eco-friendly nutrition for pets.
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Funding Insights of Better Origin
Better Origin has successfully raised a total of $19.5M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $503.68 thousand completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series A — $503,680
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First Round
First Round
(01 May 2017)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series A - Better Origin | Valuation |
investors |
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| Mar, 2022 | Amount | Series A - Better Origin | Valuation | Balderton Capital | |
| Oct, 2020 | Amount | Seed - Better Origin | Valuation | Fly Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Better Origin
Better Origin has secured backing from 7 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include UK Research and Innovation, European Union and Balderton Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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VC firm and startup accelerator
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Founded Year | Domain | Location | |
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Multistage venture capital investments are focused on technology sectors.
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Founded Year | Domain | Location | |
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Venture capital investments are made in European tech startups from day-zero to seed.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Better Origin
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Better Origin
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Better Origin Comparisons
Competitors of Better Origin
Better Origin operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Livin Farms, EntoCube, Omma, Bug Factory and BugBox, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Insect-based alternative proteins are developed using kitchen-top worm hives.
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| domain | founded_year | HQ Location |
Developer of a containerized system for insect cultivation
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| domain | founded_year | HQ Location |
Beneficial insects are produced via an AI-powered rearing system.
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| domain | founded_year | HQ Location |
Provider of live insects and breeding systems
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| domain | founded_year | HQ Location |
Producer of insect powder products for animal feed
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Better Origin
Frequently Asked Questions about Better Origin
When was Better Origin founded?
Better Origin was founded in 2019.
Where is Better Origin located?
Better Origin is headquartered in Cambridge, United Kingdom. It is registered at Cambridge, Cambridgeshire, United Kingdom.
Who is the current CEO of Better Origin?
Fotis Fotiadis is the current CEO of Better Origin. They have also founded this company.
Is Better Origin a funded company?
Better Origin is a funded company, having raised a total of $19.5M across 6 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on May 01, 2017.
How many employees does Better Origin have?
As of Mar 31, 2024, the latest employee count at Better Origin is 25.
What does Better Origin do?
Better Origin was founded in 2019 in Cambridge, United Kingdom, within the agritech sector. An automated insect farming platform is operated, where insects process agricultural residue and industrial food waste into animal feed. AI technologies are integrated to enhance operational precision, including remote monitoring and control of farming systems across various sites.
Who are the top competitors of Better Origin?
Better Origin's top competitors include EntoCube, Livin Farms and Omma.
What products or services does Better Origin offer?
Better Origin offers Insect Products and Pet Food Range.
Who are Better Origin's investors?
Better Origin has 7 investors. Key investors include UK Research and Innovation, European Union, Balderton Capital, Metavallon, and Fly Ventures.
What is Better Origin's valuation?
The valuation of Better Origin is $53.7M as of Apr 2024.
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