The Highlights:
Cricket One is a food technology startup that focuses on producing environmentally friendly, high protein food products using crickets
Raised a seed round co-led by 500 Startups and Masik Enterprise for an undisclosed amount
Leading research into ‘transforming’ crickets into ingredients for cosmetics & pharmaceuticals
Their cricket powders are sold in 10 countries, including the US and around Europe.
Cricket One is currently working with 12 farmers, helping them earn up to six times more income than before.
CricketOne's Story:
CricketOne seed round was co-led by global venture firm 500 Startups and Singapore-based Masik Enterprise. The Vietnam-based startup, which farms crickets as a high-protein food source, did not disclose the size of the deal. With the injection of funds, Cricket One will collaborate with research institutions as it branches out into ‘transforming’ the insects into ingredients for cosmetics and pharmaceuticals.
Read more: https://www.vietlaunch.com/blog/cricketone