ALL ABOUT FEED
Insect Firm Beta Bugs Secures £2.1m Investment to Boost Growth
Scottish insect genetics firm Beta Bugs has successfully secured a £2.1m investment, led by Tricapital Agents in collaboration with Scottish Enterprise. This new funding follows a previous £1.7m investment 2 years ago, signalling strong investor confidence in the company’s potential. With this fresh injection of capital, Beta Bugs is set to accelerate its growth, furthering its position as a leader in Black Soldier Fly genetics and scaling up production to meet growing market demand.
Investment Boost for Beta Bugs
Investors Tricapital Agents have led a consortium to pump an investment of £2.1m into Scottish insect genetics firm Beta Bugs.
Previous investment and follow-up
Tricapital Agents led a £1.7m investment 2 years ago, and it has followed this up with a fresh £2.1m cash injection alongside Scottish Enterprise.
Focus on black soldier fly genetics
The investment will enable Beta Bugs, which was launched in 2017, to further accelerate its development into an international player in Black Soldier Fly genetics, as well as enable the company to scale up production of eggs and juvenile larvae to supply insect farming operations.
Read the full article by All About Feed HERE
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