Proteine Resources funding news – Poland-based Proteine Resources Secures €1.36 Million in Funding
Oct 9, 2024 | By Team SR
Proteine Resources secures €1.36 million from SMOK Ventures and Bitspiration Booster VC, bringing its total funding to €1.8 million. The company aims to achieve €62 million in annual revenue from insect protein sales by 2030. With a focus on sustainable protein production for animal feed and human consumption, Proteine Resources plans to address the increasing global protein demand, which is projected to rise by 60% by 2050.
SUMMARY
- Proteine Resources secures €1.36 million from SMOK Ventures and Bitspiration Booster VC, bringing its total funding to €1.8 million.
- Proteine Resources is leading the way in revolutionizing the use of insects across industries.
The firm's scalable production technology and operational pilot line pave the way for the construction of its first factory in 2025 near sources of insect feed. Co-CEO Bartłomiej Roszkowski highlights the company's dedication to climate neutrality and reducing greenhouse gases, while Konrad Włodarczyk, the other Co-CEO, brings 15 years of expertise in autonomous production technology to the table.
With a focus on innovation and sustainability, this company's approach yields insects with nearly 70% protein content and 3–5 times more essential amino acids than other products. Their quick rearing cycle of just four weeks, utilizing a proprietary feeding system, sets a new standard in efficiency and quality.
Moreover, their patented multispectral analysis technology allows for real-time monitoring of insect health and quality, paving the way for large-scale breeding with consistent product excellence. The potential for insect protein to transform the animal feed and pet food markets is immense, offering a sustainable and eco-friendly alternative that is both nutritious and impactful.
Investors are eyeing the scalability potential of Proteine Resources' model. SMOK Ventures and Bitspiration Booster VC have identified a promising market opportunity driven by the increasing awareness around climate issues.
The company's strategy includes creating a franchise system for modular factories situated near feed sources. This initiative aims to build a worldwide network of autonomous breeding units that will be managed by advanced AI algorithms.
Exciting developments are on the horizon for Proteine Resources, as it continues to innovate in response to the growing demand for sustainable solutions in the agriculture sector.
About Proteine Resources
Proteine Resources is leading the way in revolutionizing the use of insects across industries. Their flagship product, a premium insect protein with an impressive 64% protein content in dry mass, is setting new standards. What truly distinguishes this product are its exceptional medical properties, boasting unique amino and fatty acid profiles, along with a rich array of essential vitamins and nutrients.
Moreover, Proteine Resources excels in production efficiency, offering a cost-effective solution that can be scaled up significantly. With production costs slashed by 50% compared to competitors, Proteine Resources is making a significant impact in the market.