Start up gets $9.3 million in latest funding round to build USA’s largest mealworm facility

editorial staff

Beta Hatch is building a 42,000 square-foot flagship facility near Seattle.

Geek Wire reports that that the start-up Beta Hatch has received USD 9.3 million in funding to build what will be North America’s largest mealworm farm.

The series A round was co-led by Cavallo Ventures, the venture capital arm of liquid chemical manufacturer giant Wilbur-Ellis, and rural venture firm Innova Memphis as well as Brighton Jones Investment Partners, AccelR8, and SeaAhead.

Cashmere, Washington. MAP: Google

Beta Hatch’s total funding has reached USD 18.6 million.

The new funds will go towards the complete construction of a 42,000 square-foot flagship facility, a former juice factory, in Cashmere, Washington.

According to Agfunder News, Beta Hatch cultivates mealworms for animal feed using patent-pending equipment, a trade-secret process, and unique genetic stock, developed by entomologist and founder Virginia Emery.

Aiming to target the farmed salmon feed market, Emery told the publication that she is targetting a price of USD 2,000 per tonne with a ten-year guarantee, selling to feed manufacturers and not directly to farms.


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