Bugged by food waste? Here's Ento Industries! Founded in 2020, this Singapore-based startup uses insects and tech to convert low-value organic waste into high-value products like nutrient-rich feed and organic fertilizer. Now, they've just raised new growth funding!
Investor check. This undisclosed round was led by two ESG-focused private investors, Tak Wai Chung (co-founder of Xcelerate Group) and Te-Ling Nai.
🗑️ Does food waste have a second life?
12% of all waste generated in Singapore is food waste, yet only 18% of that in 2022 was recycled. Like many developed nations, Singapore is facing the increasing problem of food waste.
But instead of only viewing food waste as a problem, Ento sees this as an opportunity. Their secret weapon? An army of black soldier flies.
💰 What's the buzz about?
Thanks to black soldier flies, Ento converts organic waste into products like protein-rich animal feed and organic fertilizer!
So, the next time you see a fly, it might just be one of Ento’s secret weapons in the fight against food waste.
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