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Nasekomo

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Produces premium sustainable insect products for the feed and agriculture industries

Sofia, BulgariaFounded 2017Energy
Valuation $25–50M Last recorded · 2024
Revenue <$1M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Nasekomo and the history behind them.

About Nasekomo

Nasekomo is an agritech enterprise focused on the bioconversion of organic materials using Black Soldier Fly (BSF) larvae. The company was established in 2017 by a team of co-founders: Xavier Marcenac, an experienced entrepreneur who previously built and sold a successful Business Process Outsourcing company; Olga Marcenac, who has an extensive background in finance and operations with companies like PricewaterhouseCoopers and GE Money; and Marc Bolard, a biologist with deep expertise in animal rearing. Xavier Marcenac's venture into this sector was driven by a desire to invest his resources and energy into a sustainable project after selling his previous company. Olga Marcenac contributes over two decades of experience in management and finance, holding an MBA from INSEAD. The founding team combined their business acumen with scientific knowledge to address the growing global demand for protein and the sustainability challenges in traditional feed production.

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The core of Nasekomo's operation is the transformation of agricultural by-products, such as brewers' spent grains, into high-value products. This process yields three primary outputs: insect protein meal and insect oil, which serve as sustainable alternatives to fishmeal and soy in animal feed, and insect frass, a nutrient-rich organic fertilizer for agriculture. The company's initial target market is the pet food industry, with future plans to expand into aquaculture, pig, and poultry feed sectors. Nasekomo operates on a circular economy and zero-waste production model.

A key differentiator for Nasekomo is its technology-driven, franchise-based business model. Instead of owning and operating all production facilities, the company plans to scale by enabling franchisees with a turnkey solution. This package includes genetically selected BSF larvae, proprietary automated factory equipment, and a digital platform that uses AI and machine learning to monitor and optimize the bioconversion process. This approach is designed to accelerate the growth of the insect protein industry by providing newcomers with the necessary tools and expertise. The company has established a joint venture called Fly Genetics with Groupe Grimaud, an animal genetics specialist, to develop superior BSF strains bred for traits like higher growth rates and feed conversion efficiency. Nasekomo has also partnered with Siemens to enhance the automation and digitalization of its network of factories. The company operates an industrial demonstration facility, the Insect Center of Excellence (NICE), near Sofia, Bulgaria, which showcases its technology to potential partners. The first franchised factory is scheduled to begin operations in Bulgaria in 2025, with an ambitious goal to establish a network of 100 factories by 2030.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2017
Headquarters
Sofia, Bulgaria
Employees
38
Open positions
None listed
Dealroom signal
62.5/100
Sub-industry
Waste Solution, AgriTech, Innovative Food
Sector
Energy, Aquaculture, Fertigation, Waste Reduction, Insects, Novel Farming, Alternative Protein, Meat Substitute, Sustainable Development Goals, Macro-Nutrients
Business model
Manufacturing
Client focus
b2b

Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SUPPORT PROGRAM✓Other financing Jan 2024 $0 — EIT Food —
SERIES A✓Equity / VC Jan 2024 $8.8M $35M Invenio Partners ↗
Showing the latest 2 of 6 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

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Growth signals

Nasekomo website traffic

Latest recorded traffic for Nasekomo is 50 monthly website visits, down 87.5% over the last three months. Nasekomo's team declined 11.6% over the past year.

Latest monthly visits50 3-month web change-87.5% 1-year team growth-11.6%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

CompanyHeadquartersStatusEmployeesTotal fundingValuation
nextProteinBiotechnology company that produces insect-based protein for animal feedstocks with a negligible carbon footprint, at a lower cost and with the equivalent nutritional value of traditional protein production Paris, France Operational 39 $33M $79M
AgriProteinLeading a new industry called nutrient recycling. It's working to replace fishmeal in aquaculture and feeds with insect-based protein Guildford, United Kingdom Closed
ŸnsectFarms insects to make high-quality, premium natural ingredients for aquaculture and pet nutrition Paris, France Closed
InnovaFeedBiotechnology company specializing in the breeding of insects for animal and plant food Paris, France Operational
HiProMineRecycles organic waste into high-quality nutrition products for animal farming, pets and plants Gądki, Poland Acquired
Sentara GroupManufactures protein, oil and organic fertilizer from Black Soldier Fly larvae for a greener and healthier future Iskandar Puteri, Malaysia Operational
VakSeaInsect larvae platform to bio-manufacture functional feed additives that protect fish and shrimp from viral disease Baltimore, United States Operational
VAXADeveloping sustainable algae-based feed and food ingredients. The company's production facility is located in Iceland, integrated with one of the world's largest geothermal power production facility Reykjavík, Iceland Operational
Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

9 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed3 investors entered at this stage

  • Chivas Venture
  • The Chivas Venture
  • European Commission

Series A3 investors entered at this stage

  • Morningside Hill
  • New Vision 3
  • Invenio Partners

Other known investors3 additional known investors

  • EIT Food
  • Grégoire Vigroux
  • Ranjan Singh
Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
7 countries with
team presence
🇧🇬 Bulgaria81.3%
🇲🇽 Mexico3.1%
🇷🇴 Romania3.1%
🇬🇧 United Kingdom3.1%
🇳🇱 Netherlands3.1%
Top 5 of 7 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Nasekomo on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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