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Canada’s Entomo Farms Raises Nearly $3M

January 27, 2021: 12:00 AM EST
The Ontario-based maker of cricket-based protein powders, roasted crickets, and insect-based snack bars has closed a US$2.9 million funding round to support growth and expansion. The round, led by investors in Asia and Canada, will be followed late this year by another capital-raising effort, the company said. Maple Leaf Foods, Canada's largest protein-centric packaged goods company, took a minority stake in the business in 2018. Entomo also has relationships with Crickstart, a Canadian company making protein bars, gourmet crackers, and smoothie mixes from cricket powder, and with Human Improvement, described as "an innovative health and wellness brand."
Simon Harvey, "Canadian insect firm Entomo Farms secures new funding", just-food global news, January 27, 2021, © just-food.com
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