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Sofia Agrotech Startup NASEKOMO and the French Groupe Grimaud With a Joint investment

Sofia agrotech startup NASEKOMO has gone into partnership with the French Groupe Grimaud. Through a joint investment, the two companies will equip Nasekomo’s bio development factory near Sofia to breed improved blackflies and larvae for companies with large amounts of organic waste for processing.

The new joint venture Fly Genetics aims to launch on the European market in the second half of 2021. You will find more about the investment in the official announcement here.

Only three months ago, the Sofia-based startup NASEKOMO received an investment of 4 million euros from the Bulgarian funds NV3 and Morningside Hill, supported by the Fund of Funds in Bulgaria, and by private investors from the UK, France, South Africa, and Bulgaria.

Groupe Grimaud is one of the world leaders in multi-species animal genetics, bio-pharmacy, and Novel Farming. It has operations in more than 100 countries, generates € 320 M in turnover, and employs over 1,800 people worldwide.