Better Origin, which turns flies into food for chickens, raises $3M from Fly Ventures

February 23, 2021 at 10:35

Better Origin is a startup that converts waste food into essential nutrients using insects fed to chickens inside a standard shipping container.
It’s now raised a Seed Series $3 million funding round led by Fly Ventures and solar entrepreneur Nick Boyle, while previous investor Metavallon VC is also participating.
A farmer adds food waste – gathered from nearby factories or from the farm – into a hopper to feed the larvae of black soldier flies.
Two weeks later, the insects are fed directly to the chickens as an alternative to the soy feed they normally get.
To add to the ease of use, everything inside the container is automated and remotely controlled by Better Origin’s engineers in Cambridge.
Plus, given the pandemic has exposed the fragility of the global food supply chain, the company says its solution is way of decentralizing food and feed production, thus safeguarding the food supply chain and food security.
Better Origin says it is tackling a real problem, and it’s a fair assessment.
Food waste is also the third-largest emitter of Green House Gas (GHG) after the US and China.
Founder Fotis Fotiadis was working in the Oil & Gas industry when he decided he’d rather work in a sustainable, non-polluting.
After studying Sustainable Engineering at Cambridge University, and meeting cofounder Miha Pipan, the two set out to work on a sustainable startup.
In some sense, it’s not dissimilar to adding a server to a server farm.
The business model will be to either lease or sell systems to farms, likely with a subscription model.
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