Flyfeed Asset Profile

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Year established

2021

Location

Tallinn Estonia

Primary Industry

Agribusiness

About

Based in Tallinn, Estonia, and founded by Arseniy Olkhovskiy (CEO) in 2021, TipTopFeed OÜ, doing business as Flyfeed, operates as an insect farming company that focuses on producing protein products. In October 2022, the firm raised EUR 3 million in angel funding led by individual investors. The company is working on the development of protein for animals, pets, and humans from food waste by insect farming and aims to contribute to the global food supply chain. The company produces insect protein, fat, and fertilizers from black soldier flies that use organic leftovers as insect feed, through a customized SCADA system of farming to monitor and ensure controlled humidity, CTO, etc. FlyFeed performs automated vertical farming to reduce area usage as compared to soybean and livestock farming. The firm intends to use its October 2022 funding to develop its technological solution and establish an industrial-sized insect farm in Vietnam by 2023. FlyFeed also plans to open 10 farms in Asia and Africa by 2026, and make its products ready for the EU market, produce insect flour for human food by 2027.

Primary Industry

Agribusiness

Sub Industries

Other Animal Husbandry

Website

www.flyfeed.eco

Verticals

Manufacturing

Company Stage

Angel & Seed

Total Amount Raised

Subscriber access only

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