Chapul Farms raises $2.5 million to scale insects as waste and climate solution
Chapul Farms Logo
Chapul announced today a $2.5 million raise in seed funding and partnership with Nexus PMG to launch Chapul Farms, an end-to-end, regenerative insect agriculture project development company.
In 2012, Chapul (pronounced chah-pool) launched with a Kickstarter campaign and made headlines in 2014 when Mark Cuban invested in the first US cricket protein bar on Shark Tank. The company continued to pioneer the insect protein category while catalyzing financial, regulatory, and market growth. Nine years later, Chapul Farms is developing infrastructure projects to rapidly accelerate the growth of the insect supply chain and leverage the broader environmental benefits of insect agriculture.
“Adding insects into the broader landscape of agriculture is a profoundly pivotal course of action to ensure long-term food security on Planet Earth.”
This fundraise allows Chapul Farms to scale a versatile, nature-based solution for a more circular, sustainable food system – the black soldier fly. Chapul Farms CEO Pat Crowley explains, “Adding insects into the broader landscape of agriculture is a profoundly pivotal course of action to ensure long-term food security on Planet Earth. There is growing support from the scientific community focused on long-term global agriculture that we need to increase: biodiversity, climate resiliency, systems integration, and tighter nutrient/carbon cycles. Insects, and the microbial ecosystems they bring with them, shine in all categories. They are also demonstrating a role in bioremediation of some other massive challenges in humanity’s pipeline: water quality/availability, soil health, and carbon sequestration, to name a few. Our team is working with insects to take these challenges head-on.”