Nutrition Technologies secures USD 20 million for expansion

Singapore-based industrial insect-meal company Nutrition Technologies has completed a USD 20 million (EUR 19.9 million) equity fundraising round to support its expansion plans.

The equity venture round was led by PTT Ventures and supported by Sumitomo Corporation, ING Sustainable Investments, and Mandala Capital. Other participants included existing investors Openspace Ventures, SEEDs Capital, and Hera Capital. The funds from the round will be used to to allow the company to expand into new markets, launch new products, bolster its research and development efforts, and form new strategic partnerships ...