Entocycle Raises €5M in Series A Funding
The round was led by Climentum Capital with participation from Lowercarbon Capital, Teampact Ventures, ACE & Company, and athletes such as Antoine Dupont (World Rugby player of the year in 2021), Nikola Karabatic (World’s best handball player and Olympic champion with France in 2008, 2012 and 2021), James Haskell (former England rugby international) and Antoine Brizard (Volleyball Olympic Champion with France in 2021). Founded in 2016 by Keiran Whitaker, Entocycle is a Y Combinator startup supplying high-quality insect farming technology and solutions. According to another recent report, the global black soldier fly market specifically is expected to grow by 30.5% CAGR from 2022 to reach $3.96b by 2033. The company’s software and hardware solution, Entosight™ Neo, leverages an optical sensor to monitor and collect data on the health and productivity of a black soldier fly colony. Entocycle has also developed a breeding system and offers a full BSF farm design, commission and build service to new entrants to the insect industry.
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