What does Volare do?
Volare is a biotechnology food company that develops technology to convert food industry byproducts into sustainable resources. The company focuses on harnessing the natural efficiency of the black soldier fly to produce high-value insect protein, oil, and fertilizers, thereby promoting a circular food system.
How much did they raise?
In a funding round that raised €26M, lead investors such as Maki.vc, Firstminute Capital, Springvest, the Finnish Climate Fund, Finnvera, and Norion Bank backed Volare. The investment will help the company expand its operations and further its development efforts.
What are their plans for the money?
With the new funds, Volare plans to build its first industrial-scale plant in Finland by 2025. The expanded operations aim to boost the production of sustainable resources and support long-term demand, as evidenced by an offtake agreement with global aquafeed leader Skretting.
What have they achieved so far?
Founded in 2021, Volare has already established a strong foundation by developing pioneering technology to transform food waste into valuable resources. Its innovative approach and strategic partnerships underscore its progress toward industrial-scale sustainability.
