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Grinsect logo — Black soldier fly - Breeding - Technology - & more.

Grinsect

Black soldier fly - Breeding - Technology - & more.

Founded 2019 Hungary Hungary 3 employees Seed Total: $1.60M Agriculture

General Information

Company Name Grinsect
Founded Year 2019
Location Hungary Hungary
Employees 3
Industries Agriculture
Funding Stage Seed
Social

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About Grinsect

Grinsect is a Hungarian startup that specializes in mass breeding, rearing, and processing of the black soldier fly (BSF) for feed purposes. Additionally, the company is focused on developing and automating BSF breeding and processing technology. Founded in 2019, Grinsect aims to produce protein in an eco-friendly way, reducing the ecological footprint and providing alternative solutions for waste management and feed production. The company's slogan, "Black soldier fly - Breeding - Technology - & more," embodies its commitment to innovation and sustainability. Grinsect's mission includes becoming a market stimulator and educator economic operator in Hungary and the region. The company aims to promote precision farming, environmental awareness, and farm-level, vertical insect farming, addressing global and local problems such as the growing environmental pressure of unprocessed organic waste and protein crisis. The startup operates the very first licensed vertical insect protein manufacturing facility in Hungary, where they mass breed BSF under sterile conditions. Notable is Grinsect's last investment of €1.60M in a Seed Round, secured on 13 January 2021 from Impact Ventures. This investment underscores the growing interest in sustainable agriculture and alternative protein sources. As an industry disruptor in Agriculture, Grinsect is well-positioned to capitalize on the increasing demand for eco-friendly and innovative solutions. With a focus on leveraging technology for sustainable farming practices, Grinsect presents a compelling opportunity for potential investors within the venture capital space.

Business keywords: Insect farming, Sustainable protein, Vertical farming, Precision farming, Black soldier fly, Insect breeding, Eco-friendly, Waste management, Alternative feed solutions, Insect protein products, Bioconversion technology, Animal feed industry, Environmental awareness, Hungarian agriculture, Innovation in agriculture

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round €1.60M 1
Impact Ventures
Impact Ventures
13 Jan 2021

Grinsect Alternatives & Competitors

View All Alternatives
Grinsect vs
NextAlim
NextAlim France

At the birth of the insect-farming industry

3 employees
Agriculture
Grinsect vs
Flylab
Flylab Thailand

We harness the bioconversion power of the Black Soldier Fly to produce Food for animals and plants s...

Seed
12 employees
Agriculture, Food and Beverage
Grinsect vs
AgriProtein
AgriProtein United States

Harnessing the power of insects and technology to produce valuable, sustainable products using exist...

Venture round
47 employees
Agriculture, Biotechnology
Compare Grinsect vs AgriProtein
Also compare with: Grinsect vs Insect Feed Technologies Insect Feed Technologies Grinsect vs Nutrition Technologies Nutrition Technologies View all alternatives

FAQ About Grinsect

Black soldier fly - Breeding - Technology - & more.
Grinsect was founded in 2019.
Grinsect is headquartered in Hungary.
Grinsect operates in Agriculture. Its work centres on Insect farming, Sustainable protein, Vertical farming and Precision farming.
Grinsect has approximately 3 employees.
Grinsect has completed 1 funding round, raising a total of $1.60M. The latest funding stage is Seed.
Top alternatives and competitors to Grinsect include NextAlim, Flylab, AgriProtein, Ecodudu, Insect Feed Technologies. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Grinsect and NextAlim are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Grinsect, https://bouncewatch.com/company/grinsect, updated 12 September 2024. When citing, please name BounceWatch and link this page.

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