Better Origin raises $16m in Series A funding

“Better Origin, a UK startup that builds insect farms to upcycle food waste into feed for egg-laying hens, has raised $16 million in fresh funding.

• The Series A round was led by London-based VC firm Balderton Capital. Other participating investors included Berlin’s Fly Ventures and Athens-based Metavallon VC.
• It takes Better Origin’s total funding to date to $19 million.
• Co-founder and CEO Fotis Fotiadis told AFN that the funding will be used to expand the startup’s team and scale its solution internationally. “We’re currently in the UK, exploring expansion into Europe, and aim to pilot into a couple of new countries this year,” he said.”