AgriProtein, founded in 2008, is at the forefront of a burgeoning sector known as nutrient upcycling. The company's mission aligns with sustainable development goals, aiming to revolutionize food production by leveraging the natural abilities of the black soldier fly. Their innovative technology converts organic waste into high-value products, promoting environmental sustainability.
Through its industrial-scale bioconversion process, AgriProtein converts organic waste from food factories, farms, and more into MagMeal™, a protein for pets, livestock, and fish; MagOil™, a natural oil; and MagSoil™, a soil conditioner. This approach not only mitigates landfill waste but also presents economically viable by-products.
Headquartered in the United States, AgriProtein launched the world's first industrial insect facility in Cape Town, South Africa in 2016. This facility diverts up to 100 tonnes of waste daily, reflecting significant operational capacity. The company secured a $105 million venture round on June 4, 2018, showcasing investor confidence in its sustainable model.