The Bug Factory, a London, UK-based startup which designs and builds eco-growing pods for the cultivation of mealworm, received an investment from Maughan Capital.
The amount of the del was not disclosed.
The company intends to use the funds accelerate growth, expand operations and its business reach.
Led by CEO and Founder Tom Constant, The Bug Factory designs and builds eco-growing pods for the cultivation of mealworm, which are nutritious and cost-effective, and already used as feed for pigs, chickens, and other animals with proven health benefits. These pods, which are manufactured from recycled British fridge and freezers, empower consumers to recycle their food waste and harness insect power in order to convert it into a sustainable source of plant fertilizer and animal food.
Officially launching December 2022, The Bug Factory now distributers in the UK, EU and USA.
FinSMEs
16/01/2023