Tech Company Financing Transactions
Beta Bugs Funding Round
Beeches Group, Climate VC and Scottish Enterprise participated in a $2.1 million capital raise for Beta Bugs. The round was announced on 10/17/2023.
Transaction Overview
Company Name
Announced On
10/17/2023
Transaction Type
Venture Equity
Amount
$2,090,000
Round
Undisclosed
Proceeds Purpose
The company intends to use the funds to scale-up the production, sale and supply of its Black Soldier Fly eggs and larvae to the insect farming sector, as a sustainable alternative to current sources of protein for animal feed.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
Roslin Innovation Centre Easter Bush Campus
Roslin, Scotland, EH25 9RG
UK
Roslin, Scotland, EH25 9RG
UK
Phone
Undisclosed
Website
Email Address
Overview
We are an insect genetics company developing and distributing black soldier fly breeds to the insect farming sector. Black Soldier Fly and its larvae are being farmed worldwide as an alternative protein source that can be used in aquaculture, pork, and poultry feed. Alongside this, they can be reared on various waste streams, including agricultural and food waste. This rapidly developing industry provides a green, circular, and regionally produced alternative to the environmentally damaging production of soy meal and fishmeal, the prime causes of deforestation, biodiversity loss, and overfishing.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Thomas Farrugia
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Where The Data Comes From
We report on funding rounds that are announced publicly. VC transactions reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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