About EntoCube
EntoCube is a company based in Helsinki (Finland) founded in 2014 by Jaakko Korpela, Janne Koskenniemi, and Otto Palonen.. EntoCube has raised $447.48 thousand across 6 funding rounds from investors including European Union, ARCTIC15 and Kickstart Innovation. EntoCube offers products and services including Insect Rearing Technology and Consulting Services. EntoCube operates in a competitive market with competitors including Better Origin, Livin Farms, BugBox, Bug Factory and Fair Insects, among others.
- Headquarter Helsinki, Finland
- Founders Jaakko Korpela, Janne Koskenniemi, Otto Palonen
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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
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- Legal Name Entocube Oy
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$447.48 K (USD)
in 6 rounds
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Latest Funding Round
$255.49 K (USD), Grant
Oct 01, 2019
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Investors
European Union
& 3 more
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Employee Count
Employee Count
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Products & Services of EntoCube
EntoCube offers a comprehensive portfolio of products and services, including Insect Rearing Technology and Consulting Services. 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.
Provides systems for sustainable farming of edible insects like crickets.
Offers expertise in implementing insect farming for food industry applications.
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Funding Insights of EntoCube
EntoCube has successfully raised a total of $447.48K across 6 strategic funding rounds. The most recent funding activity was a Grant round of $255.49 thousand completed in October 2019. 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 Grant — $255,489
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Grant - EntoCube | Valuation |
investors |
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| Jan, 2018 | Amount | Seed - EntoCube | Valuation |
investors |
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| Nov, 2016 | Amount | Seed - EntoCube | Valuation | Kickstart Innovation |
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| 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 EntoCube
EntoCube has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union, ARCTIC15 and Kickstart Innovation. 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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Startups are accelerated via a 7-week program across diverse sectors.
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by EntoCube
| 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 - EntoCube
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Entocube Comparisons
Competitors of EntoCube
EntoCube 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, BugBox, 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 |
Producer of insect powder products for animal feed
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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 |
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| 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 EntoCube
When was EntoCube founded?
EntoCube was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is EntoCube located?
EntoCube is headquartered in Helsinki, Finland.
Who is the current CEO of EntoCube?
Jaakko Korpela is the current CEO of EntoCube. They have also founded this company.
Is EntoCube a funded company?
EntoCube is a funded company, having raised a total of $447.48K across 6 funding rounds to date.
What does EntoCube do?
Developer of a containerized system for insect cultivation. The system is a moderate-size manual system that can be automated for operations. The company claims that the system is flexible in layout and internal climate can be altered to accommodate different species of insects for cultivation. The company also supplies an insect-based powder to the food industry for use as a protein ingredient.
Who are the top competitors of EntoCube?
EntoCube's top competitors include Better Origin, Livin Farms and Fair Insects.
What products or services does EntoCube offer?
EntoCube offers Insect Rearing Technology and Consulting Services.
Who are EntoCube's investors?
EntoCube has 4 investors. Key investors include European Union, ARCTIC15, Kickstart Innovation, and Startup Sauna.
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