We will use the investment we have received to further develop the insect farm management software, expand the professional team and try the markets of the United States of America and Asia,“ said the head of Cogastro Mantė Šidlauskaitė. According to Ms. Šidlauskaitė, professionals from the USA, Belgium, and France with extensive experience in the field of insect cultivation and the creation and management of their farms should soon join the startup team. “The attention of business angels has been attracted by a complex of technical and sales competencies complementary to each other by members of the Cogastro team, service contracts have been signed over several years with target customers operating on five continents around the world, which signaled good market conformity of the start-up product and an appropriate focus on maintaining and expanding customer relationships,” alleged the head of the business angels syndicate Ph.D. Audrius Dzikevičius. “We are delighted that after discussions with investors, Cogastro has attracted a five times bigger amount of investment – 500 000 Eur, than it was planned by partners at the beginning of the Startup Fair event. Compared to other similar information technology products, the company stands out in the market with a clear specialisation and orientation towards insect-growing farms, providing insights to their owners, smart analysis of indicators, and projections.