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The Spoon

Daily news and analysis about the food tech revolution

insect protein

Vienna’s LIVIN Farms Receives €6 million to Upcycle Food Waste Into Insect-Powered Protein

Turning food waste into a usable commodity might seem like magic, but it’s a reality for companies such as Vienna-based LIVIN farms. The company has announced a €6 million Series A round led by venture Investor Peter Luerssen, allowing it to expand its team and solution.

As a player in the alternative protein space, LIVIN Farms developed HIVE PRO, a modular system for fully automated insect processing. HIVE PRO allows waste management companies and large-scale food producers to upcycle organic waste and by-products into valuable proteins, fats, and fertilizers.

In an interview with The Spoon, Katharina Unger, Founder of LIVIN Farms, explained her company’s process. “Livin Farms customers are largely food and feed processing companies and agricultural players that have access to at least several thousand tons of organic by-products every year. They typically make a loss on it by having disposal costs. Generally used feed substrates include by-products, surplus production from the bakery, potato, vegetable, and fruit processing industry, and pre-consumer wastes from retail and grain by-products.”

One of the critical elements of the LIVIN Farms solution is the use of black soldier fly larvae in its “plug-and-play” solution. A module is set up at a customer site, after which, as Unger says, her company operates it as a Farming as a Service (FaaS) model. The first step is when the organic waste of the customer is recycled on-site by being processed and prepared as feed for the insects. After that is completed, using a robotic handling machine moves the feed made from the organic food waste into pallet-sized trays. The machine then inserts seedlings (baby larvae) and empties the harvest-ready larvae from the trays.

At this point, insect Larvae are fed on recycled organic food waste in a climate-controlled environment. The insects are then ready to be harvested within seven days only. The final step is processing the insect larvae into protein powder and oils. The end product is three animal feed types high in protein, antibacterial, and antiviral properties.

LIVIN Farms LIVIN farms recently opened a fully up-and-running 1,400 square meter pilot site in Vienna where the HIVE PRO is demonstrated to interested customers.

Unger began her journey to building LIVIN Farms in 2013, she said. “The idea for Livin farms started when I developed the first device to grow the entire lifecycle of the black soldier fly larvae in a kitchen device to turn kitchen scraps into proteins ready to harvest. This prototype was patented and then turned into a tabletop farm for mealworms (The Hive) later on that was sold in the hundreds to more than 45 countries worldwide. Since 2019, Livin Farms has used our years of R&D to focus on industrial insect farming technologies.”

The company is working on projects throughout Europe, Unger said. LIVIN Farms hopes to have several installations over the next several years.

LIVIN Farms has previously secured a Seed investment round, grants, and subsidies from the Austrian Research Promotion Agency (FFG), Austrian Promotional Bank (AWS), and the European Innovation Council (EIC) under the European “Green Deal,” totaling more than $4 million €. The company believes its latest investment will lead to the “further growth of the company and will be used for expanding the LIVIN farms team, standardization of the technical solutions, and driving the initial scale-up phase.”

With European Governmental Approval, Ynsect Moves Forward With Its Plan to Feed the World, Save the Climate

Will bugs save the world?

Save may be a strong word, but Paris-based Ynsect, a producer of insect protein and natural insect fertilizers, believes in the dual mission of feeding the world and protecting our diminishing climatic resources. That vision moves a step forward with backing from a European food safety agency and data that supports a change in consumer attitudes toward a diet containing bugs and insects.

According to Ynsect’s CEO Antoine Hubert, approval by the European Food Standard Agency for Ynsect’s Lesser mealworm for human consumption will allow his company to quickly move forward with its efforts to create its line of insect-based products as well as work with third-part food manufacturers.

“Our company was born from a passion for helping tackle climate change through real solutions. Insect protein, which can easily be incorporated as a powder into a whole range of products, is healthier than plant protein and more environmentally friendly than traditional animal proteins,” Hubert told The Spoon in a recent interview. “We’re excited to see the EFSA approval come through in line with consumer demands; conscious consumers become increasingly informed of better choices for both them and the environment.”

Coinciding with the EFSA green light results from an independent research firm gave further credence to Ynsect’s timing. OnePoll, a British market research company, surveyed consumers to gauge their willingness of participants to consume insects as an alternative source of protein. At first, only 59% were open to the idea, but after learning the benefits of insect consumption, over 70% responded favorably. More than half of vegans and vegetarians responded favorably once the benefits were explained.

Mealworms are the larval form of the mealworm and Buffalo beetles, an insect that Hubert says is rich in protein and fat. The mealworm as a bug has been part of Southeast Asian diets and can reproduce prolifically. Ynsect uses vertical farming techniques to “grow” these insects and deploys chemical-free produce to turn them into a range of products, including fertilizers and pet food. Recently, Ynsect expanded its footprint by acquiring Protifarm, a Dutch mealworm producer, and then by incorporating Nebraska-based Jord Producers, a start-up mealworm farm, into its portfolio.

Ynsect’s consumer product is called AdalbaPro, a minimally processed ingredient line offering meat replacement and protein fortification solutions. Working with European partners, AdalbaPro products are already in several baked goods, sports nutrition, pasta, and meat alternatives. AdalbaPro contains all essential amino acids, vitamins, and minerals as a high-quality animal protein.

As Hubert chronicles his company’s path, not only has it shown organic growth by evolving from a fertilizer/aquaculture company to pet food and then to a product for humans, but Ynsect’s approach has also overcome the issue other alternative protein companies face in building infrastructure. The company has carefully conducted its mealworm growing processing plan, which allows it to remain nimble for an opportunity in Europe and, hopefully, after governmental approval, the U.S.

To date, Ynsect has raised more than $400 million from such companies as OurCrowd, SuperNova Invest, and Caisse d’Epargne. The company also has captured the imagination of the real-life Iron Man, Robert Downey Jr. The actor/investor recently touted Ynsect’s product on Steve Colbert’s late-night show.

(Extract) Robert Downey Jr - The late Colbert show with Stephen Colbert

Entomo Farms Raises $3.7M CAD for Cricket Protein

Ontario, Canada-based Entomo Farms, a startup that produces cricket protein products, announced this week that it has raised $3.7M CAD (~$2.89M USD). The funding round was lead by undisclosed investors from Canada and Asia. This new capital follows and undisclosed Series A funding round lead by Maple Leaf Foods in 2018.

This new funding will be used to support the operational growth and expansion of Entomo Farms, and be put towards marketing efforts to increase brand awareness amongst consumers. Currently, the company operates in 60,000 square feet of production space, and produces cricket products through its own brand and for other food companies globally.

Entomo Farms offers a few different food products made from the crickets that it raises, including baking flour, whole roasted crickets, and protein powder. Additionally, the company supplies crickets to other companies for use in pet food, fertilizer, and snacks.

Crickets, although not yet as appealing to the Western taste bud, offer a high protein and sustainable alternative to meat from animals. Compared to chicken, fish, or pork, crickets actually have a higher protein content, and nearly just as much as beef. It takes much less land, water, and feed than land mammals to raise crickets, which makes this critter a more sustainable protein option.

Entomo Farms is not the only company trying to convince people to eat bugs for protein; Israel-based Hargol raised $3 million for its cricket protein powder last year. The Aspire Food Group farms crickets and palm weevil larvae and produces cricket-based bars through its brand Exo.

Although crickets are not currently a key component of the Western diet, funding for companies like Entomo Farms will help bring consumer awareness to the benefits of eating crickets for protein. With a ballooning global population of nearly eight billion hungry for protein, crickets may offer a solution to satisfying this vast and ever growing requirement.