FlyFeed flies in the face of the global food crisis

FlyFeed claims to have signed more than $10 million in contracts and closed a $3 million investment to launch its first insect farm in Vietnam.

The company was founded less than a year ago and is trying to help three billion people who are facing food insufficiency due to climate and financial shifts. The production process uses organic leftovers as food for the black soldier fly in order to reduce the final price. Reducing food waste is a bonus.

The fragile global food chain, relying on exhaustible natural resources, is facing new challenges and needs a change. There is an effective solution that can transform inedible resources into healthy ones. Arseniy Olkhovskiy, CEO and founder of FlyFeed, says in an interview that they will open 10 farms in Asia and Africa by the year 2026. The fact that global hunger still exists is ridiculous. There are more than three billion people who can't afford to eat. This number continues to increase. This won't change until we rethink our food chain because conservative agriculture isn't designed to feed a growing population

The insects will be used for animal feed and pet food, with plans to turn them into flour in five years or so. There is a plan for the first farm in Vietnam to produce over 17 thousand tons of insect products, including insect fat, and process over 40 thousand tons of organic leftovers for free.

The $3 million angel round will be used to establish operations, further develop technological solutions and construct the first industrial-sized farm in Vietnam.

Arseniy Olkhovskiy is the founder of Fly Feed. In a new window, you can see this image.

We have been able to build an infrastructure that unlocks our scale thanks to personal money invested and the seed round. Our production technology was developed by our specialists and world-class engineering teams, we secured resources in Vietnam for construction and operations, and we built an A-class team and advisory board to support our product development strategy. FlyFeed wants to feed 250 million people annually by providing healthy and affordable food to those who can't afford it. 250 million more people will be able to live healthier and happier lives because of this. Helping nature instead of harming it, and providing other companies with sustainable nutrients andfertilizers, are some of the things that are being done.