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§ Private Profile · Singapore, Central Region, Singapore
Insect protein producer converting palm oil waste into sustainable proteins, lipids, and fertilizers for aquaculture feed using black soldier fly.
INSEACT, based in Singapore, specializes in producing sustainable insect protein for aquaculture feed by utilizing black soldier fly larvae to convert palm oil waste streams into proteins, lipids, and fertilizers. The company's modular technology facilitates rapid and cost-effective scaling of its operations. INSEACT secured USD 1.3 million in seed funding, with the Asian Development Bank as a lead investor. By late 2021, the firm employed 8 individuals and had produced 60 million insects within the first few weeks of December, coinciding with the opening of Singapore's largest insect protein facility. Led by CEO Tim van Vliet and COO Michael Badeski, INSEACT was later acquired by Karang Foodie. The founding year is not publicly available. Its business model centers on raises venture funding to build and scale insect protein production facilities for sale as aquaculture feed.
INSEACT has raised $1.3M across 1 funding round.
INSEACT has raised $1.3M in total across 1 funding round.
INSEACT has raised $1.3M across 1 funding round. Most recently, it raised $1.3M Seed in August 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 23, 2021 | $1.3M Seed | — | Claudia Zeisberger, Idgar VAN Kippersluis, ADB Ventures, Insead Asia Angels Club, Loyal VC | Announced |
INSEACT has raised $1.3M in total across 1 funding round.
INSEACT's investors include Claudia Zeisberger, Idgar Van Kippersluis, ADB Ventures, INSEAD Asia Angels Club, Loyal VC.