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Agriculture

Fly feed firm raises $105 million

by Melody M. Bomgardner
June 10, 2018 | A version of this story appeared in Volume 96, Issue 24
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A photo of the black soldier fly grown by AgriProtein Holdings.
Credit: Agriprotein
AgriProtein plans to make feed protein from the larvae of black soldier flies.

AgriProtein Holdings, a U.K.-based start-up, has raised $105 million from undisclosed investors to scale up factories for raising black soldier fly larvae that feed on food waste. The company plans to build facilities in Africa, the Middle East, and Asia that will produce MagMeal, a protein product made from the larvae, to use as feed for fish, poultry, pigs, and pets.

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