Nasekomo develops insect bioconversion technology that rears Black Soldier Flies (BSF) to produce protein, oil, and fertiliser for feed and agriculture. The company integrates AI, robotics and digitalised solutions to optimise larvae growth, processing and operations. It has a joint venture, Fly Genetics, with Groupe Grimaud to supply genetically selected seed larvae and enable industrial-scale premium insect protein. Nasekomo operates an industrial demonstration centre near Sofia and plans a second Bulgarian production base in 2025 with a local entrepreneur. The company intends to roll out a network of franchised insect bioconversion factories across Europe and expand to other continents. Its model emphasises circular-economy practices to reduce food waste, greenhouse gas emissions and dependence on external protein supplies. Nasekomo develops scalable insect-rearing technology that converts organic agro-industrial waste into protein and oil for fish, poultry, pigs and pet food using specially bred Black Soldier flies. The company combines robotics, AI and big data with selective breeding to improve production efficiency and is producing about 500 tons of protein per year. It has launched a demo production facility, secured first clients across Europe (including Germany, Spain and France), and filed one EU patent with two more underway. Nasekomo employs around 30 people and is building its first industrial-scale facility in Bulgaria to meet a pipeline of waiting clients. Future plans include scaling production, deploying further robotization and data analytics, launching a selective breeding program, exploring licensing/franchising, and testing new products such as insect oil for potential animal-health uses. The company says it will need an additional €15M this year or next to finance its ambitious expansion.

Total raised

$13M

Funding rounds

2

Latest round

Series A

Latest activity

Jan 2024