Working with trash sounds like unsavoury business, and working with bug larvae even more so. For Magalarva, however, it’s an opportunity to save the environment and make money at the same time.The startup, which grows insect larvae to be used as a protein source in animal feed, raised US$500,000 in seed funding this June from an unnamed multinational. Magalarva plans to use the monies to start full-scale operations at a new facility, increasing their output 15-fold. “We expect to be profitable in less than a year,” CEO and co-founder Rendria Labde told CompassList in an interview. “We're...
The Magalarva core team © Magalarva
