MealFood Europe raises funds to scale-up mealworm production
Wednesday, June 3, 2020
Caixa Capital Risc, together with the CDTI, acquired 40% of MealFood Europe’s shares. MealFood Europe is a Spanish startup that produces insect meal from Tenebrio molitor.
The investment will help consolidate the startup as a leading industrial company in the pet food and animal feed sectors and in areas involving other agronomic and industrial uses. Specifically, the contribution of the new shareholders will allow MealFood’s technological systems to be implemented on an industrial scale and will boost the availability of its products in different international markets. This first phase, together with the subsequent expansion plan, will mean, in the medium term, an investment of around €50 million.
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