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Munich-based FarmInsect, an insect technology company, announced on Monday that it has closed an oversubscribed Series A funding round at €8M.
Oslo’s Sandwater led the Series A round with participation from Bayern Kapital’s Growth Fund, the Minderoo Foundation’s Strategic Impact Fund, and the European Innovation Council Fund.
Existing investors HTGF and UnternehmerTUM Funding for Innovators also participated in the round.
FarmInsect says it will use the funds to support the commercial scale-up of its insect farming solution and to fund further R&D work to continue improving its technology.