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News
08-07-2020 10:49
DGKV advised Nasekomo on signing the largest publicly announced early stage AgTech deal in Emerging Europe
 
DGKV advised Nasekomo on signing the largest publicly announced early stage AgTech deal in Emerging Europe.
We are happy to announce that DGKV advised the bulgarian start-up Nasekomo on signing the largest publicly announced early stage AgTech deal in Emerging Europe.
Nasekomo is an agtech company producing an alternative protein from insect for animal feed. By feeding insects with local agricultural by-products, it contributes to creating an environmentally positive local loop. Nasekomo’s proprietary robotized insect rearing technology and selective breeding programs will enable the company to produce at large scale premium insect protein meal at a competitive price to supply European markets. Since its inception, the company has secured a total of EUR 5 million funding to develop its technologies.
The bulgarian start-up has raised EUR 4 million to deploy its proprietary robotized insect rearing technology. The VC funds Morningside Hill and New Vision 3 backed by the Fund of Funds in Bulgaria participated in the round.
Despite being incorporated only 3 years ago, Nasekomo is already scaling up its operating insect rearing facilities. The scale-up will enable Nasekomo to implement circular economy on a large scale.
DGKV’s team on the deal comprised Partner Omourtag Petkov, Senior Lawyers – Ivan Punev and Rusalena Angelova and Associates – Georgi Georgiev, Sonya Stoyanova and Valery Blagoev.

Source: Nasekomo
 
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