Entomo Farms, one of North America’s leading cricket producers, announced that it has closed a round of fundraising totalling $3.7 million to support growth and expansion.
Founded in 2014 by brothers Jarrod, Darren, and Ryan Goldin, Entomo Farms produces cricket powders and whole roasted insects. The company has grown to 60,000 square feet of production space and supplies its protein and nutrient-packed crickets to dozens of brands and food companies around the world. The company is based at Norwood, Ont.
The proceeds of this fundraising round will be geared towards operational expansion to meet growing demand, and key sales and marketing activities as the company looks to increase its presence with both consumers and global audiences.