A leading investor in insect-farming start-up Hexafly issues a summary summons against the company. The action comes weeks after Hexafly completes a capital restructuring, according to court and company records.
Hexafly CEO Alvan Hunt discusses the company's zero-waste insect farming facility in Co Meath. The facility converts food waste into animal feed, insect oil and organic fertiliser, using every part of the insect. Hexafly is planning a €40 million funding round.
Meath-based Hexafly raises €1.1m in funding led by HBAN angels, bringing its total funding to €2.2m. The company uses black soldier flies to convert waste streams into feeds, fertilisers and bioplastics.
Hexafly founders Alvan Hunt and John Lynam use insects to convert waste materials into ingredients for animal feed. From the company’s facility in Meath, they target aquaculture and agriculture markets. The startup is betting on insects as a way to change food production.
