FarmInsect - About the company
FarmInsect is a series A company based in Dachau (Germany), founded in 2017 by Thomas Kuehn, Wolfgang Westermeier and Andre Klockner. It operates as an Automated insect breeding solution for farmers for producing animal feed. FarmInsect has raised $13.7M in funding from investors like Bayern Kapital, HTGF and European Commission. The company has 130 active competitors, including 33 funded and 5 that have exited. Its top competitors include companies like InnovaFeed, GreenGrahi and Ynsect.
Company Details
Automated insect breeding solution for farmers for producing animal feed. It offers a machine and IoT system that enables automated insect fattening. It provides farmers with the necessary amount of young larvae every week.
- Website
- www.farminsect.eu/
- Social
- Email ID
- *****@farminsect.eu
- Phone Number
- +49 **********
Key Metrics
Founded Year
2017
Location
Dachau, Germany
Stage
Series A
Total Funding
$13.7M in 5 rounds
Latest Funding Round
Investors
Ranked
14th among 130 active competitors
Employee Count
21 as on Apr 30, 2026
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Legal entities associated with FarmInsect
FarmInsect is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
FarmInsect GmbH CIN: HRB257354 , Germany, Active | Dec 31, 2016 | - | - | |
FarmInsect GmbH CIN: D2601_HRB257354 , Germany, Active | Jun 25, 2020 | - | - |
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FarmInsect's funding and investors
FarmInsect has raised a total funding of $13.7M over 5 rounds. Its first funding round was on Jun 22, 2020. Its latest funding round was a Series A round on Oct 23, 2023 for $*****. 6 investors participated in its latest round. FarmInsect has 10 institutional investors and 7 angel investors.
Here is the list of recent funding rounds of FarmInsect:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 23, 2023 | 7821347 | Series A | 1315196 | 7312116 | 7204539 | 8206388 |
Jun 15, 2022 | 6176080 | Grant (prize money) | 5174382 | 2549783 | 5590439 | |
Jun 15, 2022 | 1122594 | Series A | 8206727 | 5416004 | 1713135 |
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FarmInsect's founders and board of directors
Founder? Claim ProfileHere are the details of FarmInsect's key team members:
- Thomas Kuehn: Co-Founder & Managing Director of FarmInsect and founder of 1 other company.
- Wolfgang Westermeier: Co-Founder & Managing Director of FarmInsect.
- Andre Klockner: Co-Founder of FarmInsect.
View details of FarmInsect's Founder profiles and Board Members
FarmInsect's employee count trend
FarmInsect has 21 employees as of Apr 26. Here is FarmInsect's employee count trend over the years:
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FarmInsect's Competitors and alternates
Top competitors of FarmInsect include InnovaFeed, GreenGrahi and Ynsect. Here is the list of Top 10 competitors of FarmInsect, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | InnovaFeed 2015, Evry Courcouronnes (France), Series D | Insect producer for animal and plant nutrition, building a sustainable food system | $480M | 62/100 | |
2nd |  GreenGrahi 2021, Delhi (India), Seed | Provider of insect-based products for animal nutrition, plant nutrition, and biomedical | $4.19M | 59/100 | |
3rd | Pioneering insect-based solutions for sustainable food, feed, and plant nutrition | $625M | 57/100 | ||
4th | nextProtein 2015, Paris (France), Series B | Sustainable insect protein for animal feed, addressing resource scarcity | $33.3M | 56/100 | |
5th | Manufacturer of insect-derived proteins, oils and biomolecules for nutrition and bioproducts | $6.65M | 54/100 | ||
6th | Beta Hatch 2015, Seattle (United States), Series B | Insect-rearing platform providing sustainable nutrients for animals, plants, and soil health | $28.6M | 54/100 | |
7th | Online platform offering insect-based products and proteins for animal feed | $31.1M | 42/100 | ||
8th | Provider of insect-based solutions for feed, food, and farming applications | $126M | 51/100 | ||
9th | Grubbly Farms 2015, Norcross (United States), Series A | Harvesting Larvae for fertilizer and chicken feed | $13.2M | 50/100 | |
10th | Provider of insect meal, dehydrated larvae, and black soldier fly products | $4.18M | 47/100 | ||
14th | FarmInsect 2017, Dachau (Germany), Series A | Automated insect breeding solution for farmers for producing animal feed | $13.7M | 47/100 |
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FarmInsect's Investments and acquisitions
FarmInsect has made no investments or acquisitions yet.
News related to FarmInsect
•
Heuking advises Farminsect GmbH with Serie-A financing roundrechtundpolitik.com•Jan 11, 2024•Heuking Kuhn Luer Wojtek, FarmInsect, Sandwater, Bayern Kapital and 4 others
•
FarmInsect Raises in €8M Series A FinancingFinSMEs•Oct 23, 2023•FarmInsect, Sandwater, Minderoo Foundation, European Commission and 2 others
•
Munich-based agtech FarmInsect bags €8 million to manufacture protein-rich animal feed from insectsEU-Startups•Oct 23, 2023•FarmInsect, Sandwater, Bayern Kapital, Minderoo Foundation and 5 others
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