Better Origin raises $16m

Better Origin is featured in business weekly, after raising $16m in a series A funding round led by Balderton Capital. Extracts below;

Better Origin, previously featured extensively in Business Weekly, has developed a solution that can convert full-grown insects into ingredients for salmon feed, pet feed and human food in a sustainable and scalable way.

Its patented 'Metamorphosis Technology', processes insects into different products – representing the most cost-effective, tailored processing line developed to date according to founder and CEO Fotis Fotiadis.

Launched in 2018 by Cambridge University graduates, Fotiadis and Miha Pipan, Better Origin focuses on promoting a decentralised, local insect farming model.

Inside the Better Origin X1 – a mini-farm inside a converted shipping container – waste is consumed by insects such as black soldier fly larvae which then provide nutrient-rich food for animals.

Supermarkets, farmers and food producers decarbonise their supply chains, tackle food waste, and reduce soy use by leveraging the technology.

Fotiadis previously told Business Weekly: "Food waste is a human-made problem but nature already has a solution to it – upcyclers such as insects. Our product – the Better Origin X1 – is an AI-powered insect farm that combines insects' power to upcycle nutrients with cutting-edge technology. Our mission is to mend the broken food chain."

More in News

Researchers to Test if Fish eDNA Makes Offshore Wind Cheaper

Read more

NatureMetrics makes acquisition in North America

Read more

Green Angel Syndicate Leads £3.8M Investment into eBike Conversion Company Swytch

Read more