Wednesday, July 2, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home World Regional News Europe

Tallinn-based insect farming startup FlyFeed bags €3M

Femi Thomas by Femi Thomas
10/12/2022
in Europe
0 0
0
FlyFeed Estonia

FlyFeed Estonia

0
SHARES
Share on FacebookShare on Twitter

Tallinn-based FlyFeed, an insect farming startup, announced that it has raised approximately €3M in a seed round of funding from angel investors.

The Estonian company’s advisory board has over 35 experts, including Dr. Nathalie Berezina (ex-CTO/CSO Ynsect), Dr. Jurek Pastuszak (nutrition expert), and Dmitriy Mikhailov (associate professor at the National University of Singapore).

The company also partners with world-leading engineering teams like Christof Global Impact.

FlyFeed says it will use the funds to establish operations, develop technological solutions and construct the first industrial-sized farm in Vietnam in 2023.

The company also reports that the Vietnamese government supports its initiative, allowing the startup to use organic waste as feed and providing land for the first factory.

Operations will commence with producing insect protein and fat from black soldier flies (BSF) for animal feed and pet food. FlyFeed also intends to produce insect flour for human food by 2027.

The first factory is expected to produce 17.5+ thousand tonnes of insect products per year, including insect fat, protein flour, and fertilizers, and process 40+ thousand tonnes of organic leftovers for BSF feed gathered and processed for free through a partnership with local authorities.

The company is also committed to processing up to 40 thousand tonnes of organic waste a year, which will come from fruits, vegetables, coffee, and grain. 

By doing so, they will add an estimated 200 new jobs in the region.

Founded by Arseniy Olkhovskiy in 2021, FlyFeed aims to address the problem through insect farming by producing insect protein, fat, and fertilizers from black soldier fly for animal feed and pet food and, in the future, for human food.

The company aims to have 10+ farms in Vietnam, India, and Africa by 2026. The company aims to compete with giants like Ynsect and Protix.

 

Read more on Tech Gist Africa:

Estonia-based Klaus raises €12 Million

Estonia-based Jobbatical raise €11.6M

Estonia-based RecruitLab picks up €1.9M

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Femi Thomas

Femi Thomas

Related Posts

Breega Europe
Europe

Breega, an early-stage venture capital firm based in Europe, has launched a $75 million Africa-focused fund

by Tech Gist Africa
07/02/2024
1

Breega, one of Europe's fastest-growing early stage funds, has launched its first African fund, "Breega Africa Seed I," with the...

Read more
Mon Petit Placement France

Lyon’s fintech firm Mon Petit Placement bags €6.5M

10/30/2023
Creative Force Denmark

Denmark’s Creative Force bags $8.9M

10/30/2023
Ankra Sweden

Sweden-based Ankra raises €1.1M

10/30/2023
Nortech AI Norway

Norwegian-Portuguese AI innovator Nortech AI gets €2.5M

10/30/2023
Next Post
Wishlink India

Creator-led commerce startup Wishlink raises $3M

Elon Musk Twitter

Twitter's lawsuit has been halted in order for Elon Musk to complete the transaction by October 28

Meta Connect 2022

Here is a recap of everything that was announced at Meta Connect 2022

No Result
View All Result

The Big 5

Blockchain

The Role of Blockchain in Enhancing Africa’s Financial Systems and Security

by Tech Gist Africa
06/30/2025
0

...

Artificial Intelligence

How Artificial Intelligence is Transforming Industries Across Africa

by Tech Gist Africa
06/23/2025
0

...

Africa startups

Kenyan Startups Invited to Apply for €100,000 develoPPP Ventures Grant

by Tech Gist Africa
06/15/2025
0

...

Neuralink Elon Musk

Neuralink Secures $650 Million in Series E Funding to Advance Brain Implant Technology

by Tech Gist Africa
06/15/2025
0

...

Telegram Grok

Telegram Scores $300 Million xAI Deal to Integrate Grok Across One Billion Users

by Tech Gist Africa
06/15/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.