Madrid, February 2nd, 2020
Impact Investment : Family office Kanopé
leads a round of seed investment in Tebrito AB, a Sweden-Based Insect protein leader
to establish upscale production facility
Mealworms have the ability to convert agricultural waste side-streams into high-quality protein with very low emission of CO2. Tebrito was founded in 2016 to capitalize on this promising possibility. The main product is a unique, neutral tasting, powder containing 88% high-quality protein as well as several vitamins and minerals for human consumption. Organic fertilizer is one of the commercial by-products.
Tebrito announces the closing of an initial seed round of €270K co-led by Kanopé investors, Kanopé’s investment vehicle Kanopé Invest AB and Sweden public investment fund Almi Invest and is now launching its industrial ambitions in Mora, Sweden. The newly raised funds allow investment in new machinery and employment of full-time staff to increase production volumes to meet a rising demand in products offering low-carbonated sources of protein.
Indeed, extracting protein from insects is not only cost-effective, it is also a substantial and decisive way to fight climate change. The shift from red meat to more sustainable sources of protein is part of the 36 solutions programme to halve emissions by 2030 according to the United Nations “Exponential Roadmap”-report. Having worked out a robust and feasible way to provide a healthy, sustainable protein supply for a future diet and the expertise to make it happen are two main reasons Kanopé supported the financing round in Tebrito.
Nils Österström, CEO and co-founder of Tebrito comments: "We ́re thrilled to welcome a group of such important investors to join us in our forthcoming development. The timing is just right to help us scale up and meet the pressing demands of the market. We can’t wait to maximise our impact for a more sustainable protein supply.”
Olivier Rieu, Managing Partner at Kanopé Invest, commented: "We feel proud to accompany Tebrito’s team to produce sustainable circular responses to the ever-growing demand for protein. Fully aligned with our values at Kanopé Invest – disruption, impact, authenticity - this collaboration entirely reflects our ambition to scale profitable impact ventures.”
For enquiries, please contact: Olivier Rieu, Managing Partner, at firstname.lastname@example.org
Kanopé is an investment advisory company 100% dedicated to impact investing. Kanopé includes a Family Office department dedicated to family businesses and wealthy families, with an objective to align their values with their sustainable investment strategy, and Impact M&A department serving corporate and institutional investors sourcing disruptive impact ventures. With in-house gouvernance, wealth planning and private equity advisory services, Kanopé invites conscious investors towards a common investment journey to a better planet.