BSF Industries Ltd.

entoprotech.com

Formerly Entoprotech

High-Tech Company

TECH VERTICALS

AgriTech, Alternative Proteins, Biotechnology, Circular Economy, Cleantech, Climate Tech, Food Waste, FoodTech, Life Sciences, MedTech

General Data

Sector	Biomed
Company Stage:	Initial Revenues
Established	2016
Number of Employees	13
Employees in Israel	9
Reg. Number:	abCDe

DESCRIPTION

Entoprotech is a circular economy startup engaged in food waste treatment and processing situated at the forefront of cleantech and agritech sectors. By harnessing black soldier fly larvae, Entoprotech merges proprietary technology with strategic partnerships in genetics, biochemistry and animal feeds. Entoprotech provides solutions that contribute to reduce greenhouse gas emissions and fulfil key protein shortages while managing organic waste.

TECHNOLOGY

Decomposing organic food waste, treatment and processing, into protein, insect fat oil, fertilizer and other products. Entoprotech also develops protein products based on bioactive substances for the pharmaceutical and cosmetics industries because the larvae produce antibacterial peptides that can replace current antibiotics in human and veterinary applications.

	TARGET MARKETS
	Modern agriculture sector, Feed industry, Food industry, Municipalities. The business model is focused around various applications of the black soldier fly (BSF). Its products include defatted insect meal that replaces fishmeal in animal feed and aquaculture, fat, currently used as feed, but with potential uses in cosmetics and pharmaceuticals, and frass a fertilizer.

	BUSINESS MODEL
	B2B

COMPETITORS

AgriProtein , Protix , Enterra

SERVICE PROVIDERS

Company Name	Type
abC Defghij	Law Firm
abC Defghij	Accounting Firm

REMARKS

Date	Remark
21/12/2022	https://www.gov.il/en/pages/iia-outlines-new-technology-trends-for-2023-21-dec-2022
27/01/2022	Entoprotech, which uses Black Soldier Fly Larvae (BSFL) to sustainably convert organic waste into high-value products, is a Global Winner of the Uniting Water Energy Food (UWEF) Innovation Finals.

CONTACT INFO

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Main Address: Caesarea, Israel

Address	Industrial Park
POB	3221
City	Caesarea
Country	Israel
Zip	3079579

Contact Person	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

Branch Address: Penza, Russia

Address	Pryanzerki
City	Penza
Country	Russia

Contact Person	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

	MANAGEMENT

Key Executive

Name	Title	Previous Position
Mr. Alexander Babitsky	CEO & Co-Founder	Waarde Capital (Advisory Board Member)
Mr. Ivan Sokolov	CEO, RF
Mr. Gidi Krupnik	CFO	Verix (CFO)
Mr. Ian Lahiffe	Director of Business Development – Asia
Dr. Yulia Matiuhin	Head of R&D
Mr. Naum Alexandrovich Babaev	Co-Founder

	BOARD

Board

Member	Title	Affiliation
abC Defghij	Chairman	Chairman, Entoprotech
abC Defghij	Board Member	CEO & Co-Founder, Entoprotech
abC Defghij	Board Member	Chief Strategy & Business Development Officer, Granot
abC Defghij	Board Member	General Director, DAMATE Group & President, Rusmolco Company
abC Defghij	Board Member	Head of Innovation & Business Development, GRANOT Central Cooperative
abC Defghij	Board Member	Co-Founder, Entoprotech

	FINANCIAL ROUNDS

Total Capital Raised
abCDe

Financial Rounds

Numbers of Investors

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Round

Date

Stage

Amount

Valuation

Seed - Extended

Sep. 14, 2021

Seed

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Traditional Industry	abCDe	The funding is part of an initial unpriced round to support Entoprotech’s R&D and business development plans in the next 12 months and will be part of a $30m Series A round planned towards Q4 2022.

Seed

Apr. 01, 2016

Seed

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Private Investor	abCDe
abC Defghij	Private Investor	abCDe

	R&D Grants

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Round

Date

Stage

Amount

Remarks

R&D Grant

May. 01, 2024

Initial Revenues

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij*	Government Agency	abCDe

Last Updated:	abCDe
IVC Number:	abCDe