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Thai Union to invest in Flying Spark


2019-11-06

Flying Spark Ltd., a FoodTech startup, and Thai UnionGroup PCL, one of the world’s largest seafood producers, headquartered in Thailand, are leveraging their expertise and capabilities to develop an important entry in the alternative protein market. Thai Union will also invest in Flying Spark, enabling the startup to move ahead with its insect growing and processing capabilities in Thailand and dedicate efforts towards cost reduction and process improvements.

The Flying Spark and Thai Union announcement includes both a strategic partnership and investment to promote larval insect protein as a highly sustainable, highly nutritious contenderin the alternative protein market. This collaboration joins Thai Union’s production capabilities and global reach with Flying Spark’s innovative technology in creating an affordable protein offering to fulfill the worldwide growing need for cheap, sustainable, high-quality protein. Thai Union recently announced the foundation of a venture fund with an initial commitment of US$ 30 million for investments in innovative companies that are developing breakthrough technologies in food-tech. The fund will focus on three strategic areas: alternative protein, functional nutrition and value chain technology. As a first investment, Thai Union announced an investment into Flying Spark.

Flying Spark uses larvae from Ceratitis capitata, that in nature feed on fresh fruits. The larvae have a lifespan of only seven days yet multiply their body mass 250 times in that period. Flying Spark’s technology enables easy and low cost cultivation and processing, with nearly zero waste, as all parts of the larvae are used. This gives Flying Spark an edge over conventional protein sources — not only those from meat and plants but also over other insects, such as crickets and grasshoppers.

Photo: Flying Spark