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Food and Agriculture Tech Series B Founded 2013

Aspire Food Group

Aspire Food Group is an insect agriculture company that produces cricket-based protein powder and food ingredients using automated, technology-driven farming systems. The company integrates robotics, automated storage and retrieval systems (ASRS), machine learning, and indoor environmental controls to operate what it describes as the smartest and most environmentally responsible protein production system on the…

📍 Austin, United States · Food Tech,

Funding snapshot

Last roundSeries B
Amount$53M
Date12 December 2024
Total raised$53M
Team size97

About

Aspire Food Group is an insect agriculture company that produces cricket-based protein powder and food ingredients using automated, technology-driven farming systems. The company integrates robotics, automated storage and retrieval systems (ASRS), machine learning, and indoor environmental controls to operate what it describes as the smartest and most environmentally responsible protein production system on the planet. Aspire production system is designed for rapid scalability, with daily data collection and self-optimizing facilities that continually improve insect breeding and harvesting. The company was founded after winning the 2013 Hult Prize and has built automated cricket farming facilities in Austin, Texas, and London, Ontario. Aspire technology addresses the growing global demand for sustainable protein alternatives that require significantly less land, water, and feed than traditional livestock. Founded in 2013 and headquartered in Austin, Texas, Aspire has raised approximately $53.3 million in Series B funding from investors including Sustainable Development Technology Canada, NGen, and JC2 Ventures.

Business model

Insect Farming Tech > Insects > Insect based Products > Proteins > Novel Foods,

Food Tech > Novel Foods > Food Products > Alternative Proteins > Insect Based

Founders & team highlights

Serial Founder

Institutional investors

Sustainable Development Technology Canada NGen JC2 Ventures FoodBytes

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