Finnish startup raises €7.1 million and plans second factory after opening 5,000-tonne insect protein plant

Helsinki-based technology company Volare has secured €7.1 million in new funding through Springvest, with backing from new and existing investors including Maki.vc, to support plans for a second industrial-scale factory and expansion across Europe and beyond. The company converts food-industry side streams into insect protein and oil using an automated production process based on black soldier fly larvae. Its newly completed €15 million facility in Pori can produce up to 5,000 tonnes of insect protein and 2,000 tonnes of insect oil annually, with a significant share of its production capacity already sold, including through an offtake agreement with aquafeed producer Skretting. The funding will help Volare replicate its production...

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