The amount of the deal was not disclosed.
Dentsu Ventures will support the expansion and development of Exo in the U.S. and Japan.
Launched in 2014 by Greg Sewitz and Gabi Lewis, Exo makes nutritious and sustainable food products using cricket protein. The company currently manufactures nutrient-dense food bars, available in eight flavors, including: Cocoa Nut, Banana Bread, Apple Cinnamon, Blueberry Vanilla and Peanut Butter and Jelly.
Crickets are one of the most sustainable and nutritious protein sources in the world, with minimal environmental impact.
The company, which has a team of 7, recently disclosed a $4m funding round.