Singapore-based alternative protein company INSEACT has raised $1.3 million in a seed funding round led by a European family office.

Alternative protein company Inseact has raised a total of $1.3 million to build a black soldier fly pilot production and R&D site in Singapore to convert agri-waste into shrimp feed using insects.

Singapore-based insect ingredients company, INSEACT, announced that it has raised US$1.3m in an oversubscribed seed funding round.