Biotech startup Loopworm raises funding to build sustainable insect-based protein
Image Credit: shortpedia
Biotech startup Loopworm has raised $3.4 Mn in its seed round co-led by Omnivore and WaterBridge Ventures. Titan Capital and angel investors including Nadir Godrej from Godrej Agrovet, Sanjiv Rangrass from ITC, and Akshay Singhal from Log9 Materials also participated in the round. Loopworm plans to use the funds for talent acquisition, building research and development capabilities and launching its first factory for scaling up production.