About FarmInsect
FarmInsect is an Agriculture company based in Dachau (Germany) founded in 2017 by Wolfgang Westermeier and Andre Klockner. It operates as an automated insect breeding is provided for farmers animal feed production. FarmInsect has raised $13.69 million across 5 funding rounds from investors including UnternehmerTUM, European Commission and Sandwater. Its focus areas include Food and Agriculture Tech, Insect Farming Tech, Insects and Insect based Products. Its competitors include Protix, Grubbly Farms, InnovaFeed, Nutrition Technologies and Entobel and 4 more; 9 of its 9 listed competitors have raised funding.
Company details
FarmInsect was founded in 2017 in Dachau, Germany, within the agritech sector. An automated system utilizing machines and IoT technology is employed to facilitate insect fattening. Weekly supplies of young larvae are delivered to farmers, enabling efficient production of animal feed. Operations focus on sustainable alternatives to traditional feed sources, supporting agricultural needs across Europe.
- Headquarters Dachau, Germany
- Founders Wolfgang Westermeier, Andre Klockner
- SectorsAgriculture
- Email••••••••
- Phone•••• ••••
- Website farminsect.eu
- Social LinkedIn X Facebook Instagram
- Total Equity Funding$13.69M (USD)
in 5 rounds
- Latest Funding Round$8.47M (USD), Series A
Oct 2023
- InvestorsUnternehmerTUM
& 8 more
Funding Insights of FarmInsect
FarmInsect has successfully raised a total of $13.69M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $8.47 million completed in October 2023. 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 $13.69M
- Total Rounds 5
- Last Round Series A — $8.47M
- Investors Count 9
All 5 funding rounds of FarmInsect with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2023 | $8.47M | Series A | – | Sandwater | |
| Jun 2022 | $2.61M | Grant | – | – | |
| Jun 2022 | $5.21M | Series A | – | European Commission | – |
| Aug 2021 | – | Series A | – | HTGF, Bayern Kapital | |
| Jun 2020 | – | Seed | – | – | – |
9 investors in total: 9 institutional.
Investors in FarmInsect
FarmInsect has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include UnternehmerTUM, European Commission and Sandwater.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sandwater is engaged in backing early-stage innovative companies. | – | sandwater.com | Oslo, Norway | |
High-tech industries are targeted for investments by Bayern Kapital. | – | bayernkapital.de | Landshut, Germany | |
Early-stage investments are made in high-tech startups by HTGF. | – | htgf.de | Bonn, Germany | |
Accelerator and VC firm focused on multiple sectors | 2002 | unternehmertum.de | Munich, Germany | |
Government agency and accelerator focusing on innovative startups and SMEs | – | eicfund.eu | Brussels, Belgium | |
- | – | 5xvc.com | - | |
Funding is provided for industrial startups and innovative ideas. | – | industrialinnovators.eu | - | |
Minderoo Foundation is focused on philanthropy for social and environmental impact. | – | minderoo.org | Nedlands, Australia | |
Institution of the European Union responsible for upholding the EU treaties | 1958 | ec.europa.eu | Brussels, Belgium |
Investor details for FarmInsect
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People of FarmInsect
2 people are tracked at FarmInsect (2 in leadership).
| Name | Role | Group |
|---|---|---|
Wolfgang Westermeier | Co-Founder & Managing Director | Leadership |
Andre Klockner | Co-Founder | Leadership |
Complete people profiles for FarmInsect
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Timeline of FarmInsect
3 dated milestones of FarmInsect across 6 years, from founding to its latest funding, stage changes and deals.
- Founded FarmInsect is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $8.5M.
Competitors of FarmInsect
FarmInsect has 9 listed competitors in our database, 9 of them funded. They include Protix, Grubbly Farms, InnovaFeed, Nutrition Technologies and Entobel, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| protix.eu | 2009 | Dongen, Netherlands | $126.28M | – | Provides insect-based feed for animals and plants to promote sustainable food systems. | |
| grubblyfarms.com | 2015 | Norcross, United States | $13.22M | 1,800 | Larvae are harvested for fertilizer production and animal feed. | |
| innovafeed.com | 2015 | Evry Courcouronnes, France | $479.61M | – | Insect-based aquaculture feeds are developed from cultivated larvae. | |
| nutrition-technologies.com | 2016 | Johor Bahru, Malaysia | $25M | – | Provider of insect-based products for agriculture and livestock | |
| entobel.com | 2013 | Ho Chi Minh, Vietnam | $31.13M | – | Diversified insect-based feed and plant care products are produced. | |
| betahatch.com | 2015 | Seattle, United States | $23.9M | 38 | Integrated business for cultivation and processing of mealworm insects to supply poultry & aquaculture feed and an organic fertilizer | |
| bioflytech.com | 2012 | Alicante, Spain | $18.58M | – | Insect-based animal feeds are produced and supplied. | |
| loopworm.in | 2019 | Bengaluru, India | $6.65M | 26 | Insect-based proteins and biomaterials are developed for multiple industries. | |
| agriprotein.com | 2008 | Guildford, United Kingdom | $55.87M | 181 | Converts waste into animal feeds using insect-based bioconversion technology. |
Detailed competitors of FarmInsect
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Web traffic of FarmInsect
The website of FarmInsect (farminsect.eu) receives about 1.3K visits a month.
- Monthly visits1.3K
▲ 28% vs previous month
Top companies in Insect Farming Tech
10 companies that operate in the same segment as FarmInsect (Insect Farming Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer and distributor of natural fertilizers and feeds for pets and aquatic animals | 2011 | Paris, Ile de France, France | USD 625 M | USD 21.08 M | 129 | |
AI and SaaS-based solutions for autonomous beehive management are provided. | 2018 | Nahariya, Northern District, Israel | USD 140 M | – | 20 | |
Beehive monitoring and pollination intelligence are provided via online platform. | 2017 | Fresno, California, United States | USD 61 M | – | – | |
Insect-based aquaculture feeds are developed from cultivated larvae. | 2015 | Evry-courcouronnes, Essonne, France | USD 537.61 M | – | – | |
Provider of insect farms and insect farming technology | 2015 | London, England, United Kingdom | USD 21.57 M | – | – | |
Insect-based nutrition products for animals and plants are produced. | 2021 | Delhi, Delhi, India | USD 4.19 M | – | 1 | |
Genetically modified insects are developed to suppress pest populations. | 2002 | Abingdon, Oxfordshire, United Kingdom | USD 26.43 M | USD 1.55 M | 78 | |
Provider of black soldier fly breeding solutions for insect farming | 2018 | Tel Aviv, Israel | USD 14.2 M | – | – | |
Integrated business for cultivation and processing of mealworm insects to supply poultry & aquaculture feed and an organic fertilizer | 2015 | Seattle, Washington, United States | USD 23.9 M | – | 38 | |
Insect-based proteins and biomaterials are developed for multiple industries. | 2019 | Bengaluru, Karnataka, India | USD 6.65 M | USD 103.14 K | – |
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Related news about Farminsect
Complete news archive for FarmInsect
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Frequently Asked Questions about FarmInsect
FarmInsect was founded in 2017 and raised its 1st funding round 3 years after it was founded.
FarmInsect is headquartered in Dachau, Germany. It is registered at Dachau, Bavaria, Germany.
FarmInsect is a funded company, having raised a total of $13.69M across 5 funding rounds to date.
FarmInsect was founded in 2017 in Dachau, Germany, within the agritech sector. An automated system utilizing machines and IoT technology is employed to facilitate insect fattening. Weekly supplies of young larvae are delivered to farmers, enabling efficient production of animal feed. Operations focus on sustainable alternatives to traditional feed sources, supporting agricultural needs across Europe.
FarmInsect's top competitors include InnovaFeed, Beta Hatch and Loopworm.
FarmInsect has 9 investors. Key investors include UnternehmerTUM, European Commission, Sandwater, Bayern Kapital, and Minderoo Foundation.