Livin Farms’ investors are betting $5.8M on powdered fly larvae
Livin Farms has raised $5.8 million in seed and Series A funding. The Vienna-based startup is piloting a 1,400-square-meter farm in Austria. It's producing a system that turns food waste into protein. The company's CEO Katharina Unger says the process takes around 11 days. She adds that the larvae will become half a ton of biomass plus half of a tons of fertilizer. Peter Luerssen, the SOSV-backed investor, believes Livin Farm is on a mission to revolutionize the up-cycling of organic waste.
