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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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.
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Sandwater is engaged in backing early-stage innovative companies.
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High-tech industries are targeted for investments by Bayern Kapital.
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Early-stage investments are made in high-tech startups by HTGF.
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Investor details for FarmInsect
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Investments & Acquisitions by FarmInsect
Investment portfolio details for FarmInsect
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Financial Statements - FarmInsect
Detailed financials for FarmInsect
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Farminsect Comparisons
Peer comparison for FarmInsect
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provides insect-based feed for animals and plants to promote sustainable food systems.
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Larvae are harvested for fertilizer production and animal feed.
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Insect-based aquaculture feeds are developed from cultivated larvae.
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Provider of insect-based products for agriculture and livestock
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Diversified insect-based feed and plant care products are produced.
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Detailed competitors of FarmInsect
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Latest news on 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.