About FarmInsect
FarmInsect is a company based in Dachau (Germany) founded in 2017 by Wolfgang Westermeier and Andre Klockner.. FarmInsect has raised $13.69 million across 5 funding rounds from investors including UnternehmerTUM, European Commission and Sandwater. FarmInsect operates in a competitive market with competitors including Protix, Grubbly Farms, InnovaFeed, Nutrition Technologies and Entobel, among others.
- Headquarter Dachau, Germany
- Founders Wolfgang Westermeier, Andre Klockner
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$13.69 M (USD)
in 5 rounds
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Latest Funding Round
$8.47 M (USD), Series A
Oct 23, 2023
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Investors
UnternehmerTUM
& 8 more
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Employee Count
Employee Count
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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 Total Funding
- Total Rounds 5
- Last Round Series A — $8.5M
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series A - FarmInsect | Valuation | Sandwater | |
| Jun, 2022 | Amount | Grant - FarmInsect | Valuation |
investors |
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| Jun, 2022 | Amount | Series A - FarmInsect | Valuation | European Commission |
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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 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. 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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Sandwater is engaged in backing early-stage innovative companies.
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Founded Year | Domain | Location | |
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High-tech industries are targeted for investments by Bayern Kapital.
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Founded Year | Domain | Location | |
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Early-stage investments are made in high-tech startups by HTGF.
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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 FarmInsect
| 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 - FarmInsect
| 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 |
Farminsect Comparisons
Competitors of FarmInsect
FarmInsect 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 Protix, Grubbly Farms, InnovaFeed, Nutrition Technologies and Entobel, 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 |
Provides insect-based feed for animals and plants to promote sustainable food systems.
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| domain | founded_year | HQ Location |
Larvae are harvested for fertilizer production and animal feed.
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| domain | founded_year | HQ Location |
Insect-based aquaculture feeds are developed from cultivated larvae.
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| domain | founded_year | HQ Location |
Provider of insect-based products for agriculture and livestock
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| domain | founded_year | HQ Location |
Diversified insect-based feed and plant care products are produced.
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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 Farminsect
Frequently Asked Questions about FarmInsect
When was FarmInsect founded?
FarmInsect was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is FarmInsect located?
FarmInsect is headquartered in Dachau, Germany. It is registered at Dachau, Bavaria, Germany.
Is FarmInsect a funded company?
FarmInsect is a funded company, having raised a total of $13.69M across 5 funding rounds to date. The company's 1st funding round was a Grant of $2.61M, raised on Jun 22, 2020.
What does FarmInsect do?
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.
Who are the top competitors of FarmInsect?
FarmInsect's top competitors include InnovaFeed, Beta Hatch and Loopworm.
Who are FarmInsect's investors?
FarmInsect has 9 investors. Key investors include UnternehmerTUM, European Commission, Sandwater, Bayern Kapital, and Minderoo Foundation.
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