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Hexafly is a technology company.
Hexafly develops innovative bioconversion technology, transforming organic waste into sustainable, high-value insect-derived products. Leveraging Black Soldier Fly larvae, the company processes food waste into protein meals for aquaculture and pet food, beneficial oils for industries, and organic fertilizers. This biological process efficiently manages waste, establishing a circular economy for ingredient sourcing.
Alvan Hunt and John Lynam co-founded Hexafly in 2016. Their insight stemmed from recognizing global food shortages and traditional protein's environmental impact. They leveraged natural processes, converting food waste into sustainable protein, aiming to reduce reliance on overexploited land and marine resources.
Hexafly’s products serve animal feed manufacturers, pet food brands, and agricultural enterprises. The company’s long-term vision is to scale insect farming as a primary, environmentally responsible alternative to conventional feed ingredients. Hexafly aims to foster regenerative food systems contributing positively to planetary health.
Hexafly has raised $2.4M across 3 funding rounds.
Hexafly has raised $2.4M in total across 3 funding rounds.
Hexafly has raised $2.4M in total across 3 funding rounds.
Hexafly's investors include Cedas Foundation, Enterprise Ireland, SOSV, The Yield Lab, TSVC Capital.
Hexafly is an Ireland-based biotech company specializing in sustainable insect farming, using Black Soldier Fly larvae to convert food waste into high-value products like protein-rich animal feed, oil, and organic fertilizer.[1][5] Operating Ireland’s only vertical insect farm, it produces Hexameal (protein feed alternative to soy/fishmeal), Hexafrass (chitin-rich fertilizer), Hexaoil (energy-dense feed oil), and Hexagrubs (nutrient snacks for pets and wildlife), serving aquaculture, animal feed, agriculture, and pet nutrition industries while reducing GHG emissions and waste.[1] The company solves protein scarcity and waste management challenges with a zero-waste, antibiotic-free process, boasting scalable capacity and global product availability from its Meath headquarters, supported by Enterprise Ireland's LEO Meath.[1][2]
Founded in 2015 as an award-winning biotech startup, Hexafly emerged from innovative waste conversion ideas, initially targeting brewing by-products to create animal feed compounds.[3] The founders leveraged self-sustaining Black Soldier Fly colonies and advanced breeding/bio-conversion tech to build Ireland’s first vertical insect farm in Meath, evolving from niche waste processing to a full product portfolio amid rising demand for sustainable alternatives.[1][2][4] Early traction came via local support from LEO Meath and pivotal scaling to commercial readiness, positioning it as a market leader in efficient protein production.[1][2]
Hexafly rides the sustainable protein and circular economy wave, capitalizing on global shifts toward alt-proteins amid soy/fishmeal shortages, food waste crises (1.3B tons/year), and net-zero mandates.[1][5] Timing aligns with EU Green Deal and aquaculture growth (projected 2x by 2030), where insect tech cuts reliance on overfished stocks and deforestation-linked feeds.[1] Market tailwinds include rising demand for eco-fertilizers and pet nutrition, with Hexafly influencing the ecosystem by pioneering commercial-scale black soldier fly farming, inspiring waste-to-value models, and enabling healthier animal nutrition worldwide.[1][4]
Hexafly is primed for explosive growth through facility expansions, new partnerships, and funding rounds to capture the $1B+ insect protein market.[1] Trends like precision fermentation synergies, regulatory approvals for insect feed, and climate-driven waste regs will accelerate adoption, potentially evolving it into a multinational leader. Watch for aquaculture contracts and US/EU plant rollouts—its waste-to-protein edge positions it to sustainably "feed the world," transforming biotech from niche to necessity.[1][5]
Hexafly has raised $2.4M across 3 funding rounds. Most recently, it raised $1.3M Seed in February 2019.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 4, 2019 | $1.3M Seed | Cedas Foundation, Enterprise Ireland, SOSV, The Yield Lab | |
| Mar 1, 2017 | $1.0M Seed | SOSV, TSVC Capital | |
| Apr 1, 2016 | $100K Seed | SOSV, TSVC Capital |