Biggest Insect Protein Plant in Southern Hemisphere Raises Seed Funding
- Inseco raises $5.3 million in round led by Futuregrowth
- Insect protein use seen as a way of combating climate change
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Inseco, which operates the biggest insect protein plant in the southern hemisphere, said it raised $5.3 million in South Africa’s biggest ever startup seed funding round.
Futuregrowth Asset Management contributed alongside E4E Africa and Oak Drive Ventures, Inseco said in a statement sent to Bloomberg on Thursday.