Insectta raises S$1.4 million investment to scale its biomaterial extraction from insects
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Insectta, a leading company in the insect industry and portfolio company of the Trendlines Group (SGX: 42T:OTCQX: TRNLY), announced that it has raised S$1.4 million in a funding round led by the Trendlines Agrifood Fund, with participation from 3 other investors: Glocalink SG, Paragon Ventures I and SEEDS Capital. The funds will be used to set up a pilot facility, allowing Insectta to increase its production capacity 30-fold. This new investment marks a significant milestone for the company, enabling further development and scaling up of their insect biomaterial extraction technology, which has already attracted the attention of industry experts and customers alike. With this new capital, Insectta is poised for continued growth and expansion, solidifying its position as a key player in the insect industry.
Insectta raises S$1.4 million investment to scale its biomaterial extraction from insects
Insectta raises S$1.4 million investment to…
Insectta raises S$1.4 million investment to scale its biomaterial extraction from insects
Insectta, a leading company in the insect industry and portfolio company of the Trendlines Group (SGX: 42T:OTCQX: TRNLY), announced that it has raised S$1.4 million in a funding round led by the Trendlines Agrifood Fund, with participation from 3 other investors: Glocalink SG, Paragon Ventures I and SEEDS Capital. The funds will be used to set up a pilot facility, allowing Insectta to increase its production capacity 30-fold. This new investment marks a significant milestone for the company, enabling further development and scaling up of their insect biomaterial extraction technology, which has already attracted the attention of industry experts and customers alike. With this new capital, Insectta is poised for continued growth and expansion, solidifying its position as a key player in the insect industry.