About BugBox
BugBox is a company based in Tartu (Estonia) founded in 2015 by Erlend Sild.. The company has 1 employees as of September 30, 2024. BugBox offers products and services including Insect Farming Technology, AI-powered Software, and Protein Powder. BugBox operates in a competitive market with competitors including Better Origin, Livin Farms, EntoCube, Bug Factory and Fair Insects, among others.
- Headquarter Tartu, Estonia
- Employees 1 as on 30 Sep, 2024
- Founders Erlend Sild
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Sectors
Agriculture
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Bugbox Ltd.
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Annual Revenue
$1.21 K (USD)-75as on Dec 31, 2023
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Net Profit
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EBITDA
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Latest Funding Round
$55.5 K (USD), Grant
May 31, 2020
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Investors
European Union
& 1 more
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Employee Count
1
as on Sep 30, 2024
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Products & Services of BugBox
BugBox offers a comprehensive portfolio of products and services, including Insect Farming Technology, AI-powered Software, and Protein Powder. 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.
Modular system for automated insect rearing and sustainable protein production
AI tool for optimizing insect farming efficiency and data analysis
High-quality insect-based powder for use in various industries
Funding Insights of BugBox
- Total Funding Total Funding
- Total Rounds 3
- Last Round Grant — $55,502
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First Round
First Round
(01 Aug 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2020 | Amount | Grant - BugBox | Valuation |
investors |
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| Dec, 2019 | Amount | Grant - BugBox | Valuation |
investors |
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| Aug, 2019 | Amount | Grant - BugBox | Valuation |
investors |
| 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 BugBox
BugBox has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union and EIC Fund. 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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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 BugBox
| 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 - BugBox
| 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 |
Bugbox Comparisons
Competitors of BugBox
BugBox 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 Better Origin, Livin Farms, EntoCube, Bug Factory and Fair Insects, 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 |
AI-based automated insect farm solution
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| 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 |
Provider of live insects and breeding systems
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| domain | founded_year | HQ Location |
Breeds and produces mealworm cricket and locusts
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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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Frequently Asked Questions about BugBox
When was BugBox founded?
BugBox was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Where is BugBox located?
BugBox is headquartered in Tartu, Estonia.
Who is the current CEO of BugBox?
Erlend Sild is the current CEO of BugBox. They have also founded this company.
How many employees does BugBox have?
As of Sep 30, 2024, the latest employee count at BugBox is 1.
What is the annual revenue of BugBox?
Annual revenue of BugBox is $1.21K as on Dec 31, 2023.
What does BugBox do?
BugBox was founded in 2015 in Tartu, Estonia, and operates within the sustainable agriculture sector. Insect-based protein powder is manufactured as an ecological alternative to traditional animal proteins for animal feed. Operations rely on proprietary technology, including AI-driven software, to optimize insect farming processes and enhance decision-making. The focus remains on high-quality, environmentally friendly production methods.
Who are the top competitors of BugBox?
BugBox's top competitors include Better Origin, EntoCube and Livin Farms.
What products or services does BugBox offer?
BugBox offers Insect Farming Technology, AI-powered Software, and Protein Powder.
Who are BugBox's investors?
BugBox has 2 investors. Key investors include European Union, and EIC Fund.
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