Bulgarian biotechnology scaleup Nasekomo focuses on advancing insect bioconversion for
sustainable high-quality protein production. Now, the company has secured €8 million in a Series A funding round.
The round was led by Bulgaria-based Invenio Partners, a private equity fund focusing on the SEE
region, alongside several high-net-worth individuals. It comes a month after Nasekomo entered
into a strategic partnership with Siemens.
The funds will be used to construct a network of insect bioconversion factories through a franchise
model across Europe soon. The company also plans to expand its footprint to other continents
soon.
Following the inauguration of its industrial demonstration centre near Sofia, Nasekomo plans to
open in Bulgaria a second production base in 2025 in partnership with a local entrepreneur.
https://techfundingnews.com/nasekomo-secures-e8m-to-build-factories-for-sustainable-protein-alternatives-from-insects/
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