Six Foods, a San Francisco, CA-based insect-based food company, received an investment from the Social Venture Fund, a student-led impact investing fund, based in the Zell Lurie Institute for Entrepreneurial Studies at the University of Michigan’s Ross School of Business.
The amount of the deal was not disclosed.
The company intends to use the funds to hire a director of sales and expand their advocacy training program, which teaches students who are passionate about food systems and sustainability how to speak to the broader community about the current food system and create events to engage more people in solutions for food sustainability.
Founded in 2013 by three Harvard graduates, Six Foods’ goal is to introduce insects into the average Western diet. Its main product, Chirp Chips, have as much protein as an egg white and 20 percent of the total daily value of vitamin B12 per 1 oz serving, in addition to providing a more sustainable source of nutrition.
Six Foods had already won funding from Mark Cuban on Shark Tank.