Key Takeaways:
- Joint Investment: Sumitomo Corporation, through its Brazilian subsidiary, and Lambarin Investimentos, a Brazilian family office, have jointly invested in a Seed round for Cyns, a leading biotechnology company in Latin America specializing in black soldier fly (BSF) farming.
- Sustainable Nutrition: Cyns, based in Sao Paulo, Brazil, is recognized for pioneering BSF-based ingredients in animal nutrition in the region, focusing on sustainable and efficient insect-based feed.
- Growth and Expansion Plans: The investment will support Cyns in scaling production and expanding its market reach in America, with plans for a new BSF rearing facility and potential international expansion.
- Environmental Impact: Insect-based animal nutrition, as promoted by Cyns, plays a crucial role in reducing the carbon footprint in animal agriculture, contributing significantly to sustainability efforts.
- Strategic Partnerships: Alongside the investment, Sumitomo Corporation do Brasil has also established a commercial partnership with Cyns, focusing on application development, R&D, and marketing in the Americas.
Sumitomo Corporation and Lambarin Investimentos’ Investment in Cyns
Sumitomo Corporation, via its Brazilian entity Sumitomo Corporation do Brasil S.A., and Lambarin Investimentos have made a significant joint investment in Cyns, a biotechnology company based in Sao Paulo, Brazil. This investment marks a pivotal step in advancing black soldier fly (BSF) farming in Latin America, a region with growing interest in sustainable animal nutrition.
Cyns’ Role in Sustainable Animal Nutrition
Established in Piracicaba, Sao Paulo, the company benefits from the region’s conducive environment for BSF rearing and leverages Brazil’s abundant, sustainable food byproduct streams for larval nutrition. This unique approach has allowed Cyns to achieve high bioconversion rates efficiently.
Expansion and Growth Plans
With this new influx of investment, Cyns is poised for significant growth. Plans include establishing a state-of-the-art BSF-rearing facility with an ambitious production goal. Furthermore, Cyns aims to broaden its market reach, targeting sectors like pet food, aquaculture, and monogastric livestock in Brazil and across Latin America. Preparations for a Series A investment round in 2026 signal the company’s readiness for further international expansion.
Environmental Significance of Insect-Based Nutrition
Insect-based animal nutrition, the core of Cyns’ operations, is a key solution in reducing the carbon footprint of animal agriculture. This method is notably more sustainable than traditional plant and animal-based feeds, substantially lowering greenhouse gas emissions.
Strategic Partnerships and Commercial Agreements
The investment is accompanied by a commercial partnership agreement between Sumitomo Corporation do Brasil and Cyns. This collaboration will focus on application development, research and development, and marketing strategies, particularly for the Americas.
About the Investors and Cyns
Sumitomo Corporation do Brasil, a subsidiary of the global Sumitomo Corporation, plays a significant role in various sectors, including energy, automotive, and agri-food. The corporation has committed to carbon neutrality by 2050.
Lambarin Investimentos focuses on biotechnology and sustainable production investments, supporting innovative entrepreneurs and services.
Cyns, founded by Paulo Bogorni and João Pisa, emerged from BUG Agentes Biológicos and has become a pivotal player in the BSF production market, offering sustainable solutions in animal feed.
The partnership between these entities marks a significant step in promoting sustainable animal nutrition practices and showcases the potential for innovative solutions in addressing environmental challenges in the agricultural sector.
Photo by oktavianus mulyadi on Unsplash
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