One of the world leaders in the industrial production of the Tenebrio molitor, Tebrio has secured €30 million in funding. The company explains it will use the investment to speed up the construction of its new plant, which will allow it to meet the high production volumes demanded by its customers.
Spanish biotechnology company Tebrio has successfully closed a €30 million funding round. Investors in this round include Banco de Santander, Sodical Instituto Financiero de Castilla y León, GCP, and the CDTI Innvierte Economía Sostenible closed-end collective investment company.
Tebrio, one of the global leaders in the industrial production of Tenebrio molitor, explains it will allocate the capital raised from this funding round to significantly increase its production capacity and optimization at its new 90,000 square meter facility. Construction is already underway in Salamanca, Spain. With this new plant, Tebrio will be able to produce over 100,000 tons of product annually, meeting the high levels of production and commercialization demand already committed to its current clients.
“This new round of investment in our company validates our industrial model based on proprietary technology. A model that allows us to produce at competitive prices in the markets where we operate, thus serving as a platform to expand our operations to different geographic markets,” highlights Adriana Casillas, CEO and Co-Founder of Tebrio, a company that also maintains Caixa Capital Risc as a shareholder.
“Through Innvierte, CDTI has been a shareholder in the company since 2020. Our participation in the current round reflects the company’s and its founders’ ability to position themselves in an area that we consider strategic with a disruptive and innovative approach. We want to help them become a key player in a sector that we consider strategic at a national level,” explains Andrés Ubierna Gorricho, Head of Capitalization and Technology Transfer at the Center for Technological Development and Innovation.
Jesús García, CEO of GCP Consulting, points out that “after 30 years of experience in the agri-food industry, and after evaluating various investments in the insect sector, we chose Tebrio due to the quality of its products, coupled with an interesting financial return. All of this is linked to the high biological safety guarantees offered by the Tenebrio molitor insect, which guarantees our investment. We are proud to work with partners who share our values and are committed to developing solutions that benefit everyone. Together, we are sowing the seeds of positive change, cultivating a more just and healthy world for generations to come.”
Tebrio states it currently has a 3,500 square meter production plant, from which hundreds of tons of protein, fat, biofertilizer, and chitosan are produced each year. The company began operations in 2014 with the mission of providing innovative and 100% sustainable solutions for the agri-food industry. Its areas of focus are food safety, sustainability, and the circular economy model.