- Headquarters
- Cape Town
- Employees
- 51–200
- Founded
- 2008
- Business Model
- B2B
- Website
- agriprotein.com
- Total Funding
- $122.5M
- Last Round
- $105.0M Growth EquityJun 2018
- Rounds
- 2
About
AgriProtein was a South Africa-based agricultural biotechnology company founded in 2008 that pioneered large-scale insect bioconversion of organic waste into sustainable protein ingredients. The company raised black soldier fly larvae on organic waste streams to produce MagMeal, an insect-based protein product used in animal feed for agriculture and aquaculture. AgriProtein opened the world's first industrial-scale insect facility in Cape Town in 2016. The company became part of Insect Technology Group (ITG) and entered administration in early 2021.
Summary
AgriProtein is an Agtech company based in Cape Town, South Africa, founded in 2008. It has raised $122.5M in total across 2 rounds, most recently a $105.0M Growth Equity round in Jun 2018.
Tech & App Stack
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Funding History
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Jun 2018
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Venture Round through Growth Equity — per-round amounts, valuations, and who invested in each round.
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