
Investment overview
View more

View more
EntoGreen, an Ingredient Odyssey (IO) brand focused on the circular economy in the agri-food sector, has reached an investment that will allow it to build the first industrial unit for bioconversion with insects. The Santarém-based company will use insects to obtain protein for animal feed, non-chemical fertilizers, and insect oil from plant waste. In addition, EntoGreen will also invest in building its own R&D facility in the Industrial Zone of that same region.

For this purpose, IO has raised a combination of funds, equity, and debt, amounting to 13,36M€, and to implement the project, the company will continue to raise debt.
This is EntoGreen's third campaign, after raising 200.000€ through Goparity's investment community (EntoGreen I and II). The previous campaigns were focused on acquiring a robot that allows performing the inoculation process in an automated way with considerable gains in productivity, eliminating the possibility of human error, and improvements in energy efficiency in the process.
The promotor is now looking to raise another 300.000€ for final industrial investments - to strengthen the company's cash flow, allowing final payments for the installation and assembly of the industrial unit in Santarém to be made on time, while the promotor waits for their tax reimbursement and to receive Portugal 2020 funds.
The new unit, under final construction and scheduled to start production in October 2022, is innovative in the way it uses insects as a bioconversion tool. The EntoGreen technology uses the Black Soldier Fly as a biodigester and this new unit will annually convert 36,000 tons of vegetable by-products into 2.500 tons of protein, 500 tons of insect oil for animal feed, and 7.000 tons of organic fertilizer for the soils, giving back to plants and animals nutrients that today are wasted.


The investment, will also support the company in its overall R&D plan which encompasses an estimated investment of €5 million between 2021 and 2026 for new research projects that focus on creating new solutions for environmental sustainability.
At the moment, the company has already been contacted by several interested buyers who all told want to order the totality of the production, which will allow it to obtain an annual sales volume of more than 10 million euros.
Take a look at the constructions process:


Direct
Indirect





Ingredient Odyssey, SA (IO) was founded on March 4, 2014 by Daniel Murta, who is the CEO and head of R&D at IO. It was during his PhD that he saw in insects the opportunity to contribute to sustainability in food production, developing protein alternatives and new nutritional sources for human and animal food, based on insects.
One of the first partnerships emerged with the National Institute for Agricultural and Veterinary Research (INIAV) in 2013, a core partner of the EntoGreen project.
The first project submitted jointly with the institute focused on alternative protein sources for animal feed (Genetics and nutrition and alternative feed resources for terrestrial livestock production, SFS-01a-2014) and was submitted in early 2014 under a Horizon 2020 application led by the University of Milan and involving several entities from different countries, inside and outside the European Community.
Currently, IO and INIAV continue with the development of the project having simultaneously investigated the creation of solutions for plant by-products, bringing the circular economy to the agri-food sector.
In September 2015, Rui Nunes joined the corporate structure of Ingredient Odyssey, as he also worked with insects.
To this day EntoGreen continues to develop work in the area and has started the construction of a bioindustrial unit in which it will be possible to convert 36,000 tonnes of plant by-products into thousands of tonnes of final products.
However, the role of R&D in the history of IO does not end with the implementation of the first bioindustrial unit the company intends to continue researching and developing new projects with innovative biotechnologies, hoping to leave its mark on environmental sustainability in Portugal and the world.
The company has already concluded and inaugurated EntoGreen's new R&D Unit, which is fully operational and will be a fundamental tool for further improving processes and adding value to the final products. The Santarém Industrial Unit is expected to start production in the last quarter of this year (2022).
Promoter website
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.
0%
30000000
Minimum
30000000
Target
30000000
Maximum
Closed
investment opportunities you may likediversified strategy Set your criteria once, and auto-invest will handle the rest. It matches your balance to new loan opportunities as they open, spreads it across projects automatically, and reinvests repayments as they come in. A consistent, diversified approach, without the manual effort.

Raise capital from a community of impact-focused investors.

Track projects, manage investments, and follow your returns.