Protenga, a technology production platform, has received investment from The Yield Lab Asia Pacific and other firms in the first close of its current funding round. The company’s insect farming facilities have reached several key productivity and cost milestones in the past year, and it plans to deploy its second-generation Smart Insect Farm blueprint with strategic partners in 2023. Protenga is also expanding its product line, launching a wet pet food portfolio made with fresh insect proteins, for which it was among the top three awardees at the Interzoo 2022 Fresh Ideas competition. The company’s insect protein platform is seen as a flexible, sustainable, and nutritious base for pet food and aquaculture feed.
Protenga, a technology production platform, has received investment from The Yield Lab Asia Pacific, SEEDS Capital, and JBI Innovations in the first close of its current funding round. The company’s insect farming facilities have achieved several key productivity and cost milestones this year, and it plans to deploy its second-generation Smart Insect Farm blueprint with strategic partners in 2023. Protenga’s technology production platform is focused on the sustainable production of nutrition, and it aims to revolutionize agrifood systems through the use of insects as a source of protein.
In addition to its work in insect farming, Protenga has also made significant progress in expanding its product line. The company recently launched a wet pet food portfolio made with fresh insect proteins, for which it was among the top three awardees at the Interzoo 2022 Fresh Ideas competition. Protenga is now the first and only company globally producing wet dog food with fresh insect proteins. As pet owners increasingly look to insect protein as a healthy and sustainable option for their furry friends, this new funding will support the commercial development of Protenga’s pet food in 2023, with the goal of reaching millions of dogs with this alternative source of nutrition.
The Yield Lab Asia Pacific has a strong reputation in the region and globally, and it is aligned with Protenga’s mission to sustainably revolutionize agrifood systems. The Yield Lab’s Managing Director, Claire Pribula, believes that Protenga’s insect protein platform offers a sustainable solution that is relevant to the Asia Pacific region and can benefit the global pet food and aquaculture industries. Pribula also highlighted the importance of Protenga’s innovation in the development of aquaculture feed, stating that the company’s insect protein platform is a flexible, sustainable, and highly nutritious base for both pets and hundreds of fish species. The Yield Lab Asia Pacific looks forward to working with Protenga’s team as the company continues to grow and expand its market presence.
Image provided by Protenga
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