Cogastro, UAB

Cogastro, UAB is a software company focused on delivering innovative management solutions for the insect farming industry, enhancing production efficiency and regulatory compliance with advanced technology. Founded in 2017 in Lithuania, Cogastro, UAB develops software that facilitates insect production management. The company raised EUR 500,000 in Seed funding in October 2021, led by Coinvest Capital, for enhancing its product offerings and expanding its market reach. The CEO, Mante Sidlauskaite, has led the company since its inception.

Cogastro specializes in providing advanced software solutions designed specifically for the insect farming industry. Their primary product is a robust SaaS-based platform that streamlines the management of insect production, optimizes feed conversion rates, and ensures full-cycle traceability for compliance with regulatory standards. The software integrates seamlessly with external devices, capturing essential production data, which is then processed and analyzed to enhance operational efficiency. Cogastro caters to a diverse client base that includes companies like Tebrito AB and Biokonversija, UAB, along with various insect farms across Europe and North America.

The software's capabilities are designed to improve yield, reduce labor costs, and provide actionable insights that support decision-making for stakeholders in the insect farming ecosystem. In 2022, Cogastro reported a revenue of EUR 75,942 and an EBITDA of EUR -436,436. Cogastro's business model revolves around a subscription-based service structure, allowing clients to access its software solutions on an ongoing basis. Clients, primarily insect farming companies, enter into agreements that may include different tiers of service based on their production needs and scale of operations.

The revenue generated from these subscriptions reflects the value provided through enhanced production monitoring, actionable insights, and compliance support. Pricing plans are tailored to individual clients, taking into account the specific services and features they require from the software platform. Cogastro, UAB plans to leverage the EUR 500,000 raised in Seed funding to further develop its insect farm management software and expand its professional team. The company is targeting market entry into the United States of America and Asia by enhancing its product offerings and establishing partnerships in these regions.

With this funding, Cogastro aims to broaden its impact on the insect farming industry globally.