Silicon Canals
TRENDING
  • Mobility
  • AI
  • FinTech
  • Software & SaaS
No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Jobs
  • Partner with us
  • About us
    • About
    • Contact
    • Newsletter
    • Team
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Jobs
  • Partner with us
  • About us
    • About
    • Contact
    • Newsletter
    • Team
No Result
View All Result
Silicon Canals
No Result
View All Result

Insect farming goes global: Irish agritech startup Hexafly gets another €1.1M funding

Editorial team by Editorial team
February 6, 2019
in Startups, (Crowd)funding, News
0
13
SHARES
LinkedInTwitterWhatsAppFacebook

Irish agritech startup Hexafly has just closed a €1.1 million funding round and is now seeking €10m to help build a larger production facility to fuel expansion by the end of this year.

The agritech company has raised €2.2 million to date, which includes €900,000 in angel funding. This angel funding is the largest investment in the agritech sector till date that has come out of HBAN. HBAN or Halo Business Angel Network is an umbrella group looking to increase the number of angel investors in Ireland. Other investors include Enterprise Ireland and SOS Ventures.

With this fund, the agritech startup is planning to help to fund 50 new jobs over the next couple of years and a new larger production facility as well. Additionally, this enables Hexafly to further expand its reach in global markets including Europe, the US and Asia.

Know everything about Hexafly

The Meath-based company makes use of insects to transform waste into a substance that can be utilised in animal feed ingredients, fertilisers and a range of other industries. Specifically, the substance is generated from the naturally shredded skins of the flies, which consume waste and shed their skins as they grow.

Hexafly was founded in 2016 by Alvan Hunt and John Lynam, in order to solve the issue of global food shortage. The co-founders developed technology to breed flies on an industrial scale. It involves processes such as converting low-value waste streams, using black soldier flies into a food source for the animal feed industry, and human consumption.

As of now, the agritech startup exports more than 90% of its insect-based products and is seeing growing demand in the US and the far East.

Goal of the company

Regarding the goal of the startup, Hexafly chief executive Alvan Hunt stated, “Our goal is to educate people about the benefits of insect-derived protein, how sustainable it is and essentially find smart ways to feed the growing global population”.

Stay tuned to Silicon Canals for more updates in the tech startup world.

Did you know you can post your job for free on our job board? If you require extra promotion, reach out to [email protected] for a discounted offer.

close

Want to stay on top of the latest rounds, coolest tech and hottest startups?

Subscribe to our free, daily news blast and stay up-to-date!

Check your inbox or spam folder to confirm your subscription.

 - Partner content -
Future Hamburg Award 2021
Future Hamburg Award 2021
Call for startups with innovative solutions for the future cities from all over the globe.
Call for startups with innovative solutions for the future cities from all over the globe. Show Less
Read more
Tags: agritechfundingstartup
Share1Tweet3SendShare5

Featured events

Current Month

april

14apr11:0012:00FeaturedFree Webinar: GRECA – investor search via digital matching

Partner content | Work with us

Calling all European deep-tech scaleups: EIT Digital Challenge 2021 registration is now open

Amsterdam-based SaaS startup SwipeGuide raises €5M for international expansion; aims to double its staff in 2021

Innovation against climate change: what Blue Tulip Awards’ experts on Climate & Energy are looking for

Blue Tulip Awards’ experts of Finance & Prosperity: why COVID, regulations and digitisation boost innovation

Former Booking.com CEO Kees Koolen backs €5.2M funding round of Amsterdam’s cleantech startup Sympower

Silicon Canals Jobs


Breaking news from Amsterdam | Partner

Amsterdam’s IoT spacetech startup Hiber raises €26M to expand the world’s first global IoT satellite network

Amsterdam-based MessageBird acquires 24sessions to add video to its omnichannel offering; also acquires Hull

Techstars ties up with ABN AMRO to launch ‘Future of Finance Accelerator’; welcomes 10 startups to Amsterdam

Amsterdam-based fintech Recharge.com raises €10M in debt funding; appoints Azimo’s Michael Kent as new chairman

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy policy
  • Terms & Conditions Silicon Canals

Silicon Canals 2014-2020 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdam
  • Events
  • Jobs
  • Partner with us
  • About us
    • About
    • Contact
    • Newsletter
    • Team

Silicon Canals 2014-2020 | Website: Bright Idiots

X

This website uses cookies to ensure the best possible experience. We may share this information with our advertising and analytics partners. By clicking 'Accept', you agree to our use of cookies and similar technologies. More info