SCOTTISH FINANCIAL NEWS
Tricapital and Scottish Enterprise Back Beta Bugs’ Growth Plans
Edinburgh-based Beta Bugs, an insect genetics firm, has secured a further £2.1 million investment, from TRICAPITAL Angels and Scottish Enterprise.
This follows a previous £1.7m investment led by TRICAPITAL in 2023, supporting the company’s ambition to become a global leader in the field.
Beta Bugs was launched in Edinburgh in 2017 by CEO and founder Dr Thomas Farrugia and is based at the Easter Bush Campus – a centre of excellence for animal genetics and home to the Roslin Institute.
The investment will enable Beta Bugs to further accelerate its development into an international player in Black Soldier Fly genetics, as well as enabling the company to scale up production of eggs and juvenile larvae to supply to insect farming operations.
Over the past decade, black soldier fly farming has developed extensively as an industry.
The larvae possess an ability to simultaneously divert food, agricultural and industrial waste from disposal and instead up-cycle it into a green, circular and regionally produced nutrient-rich ingredient for the pet, aqua and livestock sectors.
Read the full article by the Scottish Financial News here
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