Hargol FoodTech, a Misgav, Israel-based commercial grasshopper farming company, completed a financing round of $3m.
Backers included existing shareholders Sirius Venture Capital and SLJ Investment Partners. Hargol FoodTech is a portfolio of The Trendlines Group (SGX: 42T) (OTCQX: TRNLY).
The funds will be used to expand Hargol’s production capacity including a new production facility and launch the Biblical Protein products line.
Led by Dror Tamir, CEO, Hargol FoodTech a world leader in commercial grasshopper farming has developed an innovative farm system for high-quality and sustainable grasshopper protein production. Its product lines include grasshopper protein powder, supplements and meat replacement products.
The company says its grasshoppers contain more than 70% protein, all essential amino acids, and high levels of omega-3 and omega-6.