The Hungarian animal feed insect protein production company received an investment of several million euros
Agroloop has yet another successful capital raising: it has signed a multi-million euro capital investment contract with Enter Tomorrow Venture Capital represented by Kék Bolygó Tőkealap and Lead Ventures Fund Management.
The fresh funding will be used to expand Agroloop’s black soldier fly larval breeding and processing activities in their factory hall located in the border of Üllő, Pest County. The investment promotes the increase of the company’s production capacity, as well as technological development, thanks to which the company can contribute even more to the development of the domestic circular economy. Earlier, Eprolius Hungary Zrt. and Gran Private Equity, the leading Hungarian venture capital company, also supported the start-up of the company with a significant investment.
Agroloop’s black soldier fly breeding activity is an innovative solution for reducing the environmental impact of animal feed raw material production and improving soil health. The company uses feed-grade by-products from local food processors to feed the larvae, which transform the low-value biomass into high-quality feed protein and fat.
Related news
Revolution in animal feed: olive-fed larvae and insect protein from the future
Insect protein production is becoming increasingly important in sustainable agriculture,…
Read more >Central Europe’s largest insect protein production plant launched in Hungary
Hungary’s first industrial-scale insect protein plant began operations in Üllő…
Read more >Agroloop’s 13,000 square meter automated factory is a milestone in the insect protein manufacturing industry
European protein exposure is an increasingly pressing problem in the…
Read more >Related news
Promotions, prices, alternatives – promotions and Hungarian households
Tünde Turcsán, managing director of YouGov spoke about how Hungarian…
Read more >K&H: investors will receive a missing compass
The K&H Securities – Investor Sentiment Index has been launched,…
Read more >Garlic on European markets: Why a bountiful Chinese harvest doesn’t guarantee low prices?
Although China is set to record a bumper garlic harvest…
Read more >