Procens

Insect Bioconversion & Biofactory Manufacturingprocens.org

Procens is an Argentine triple-impact biofactory founded in 2019 in Buenos Aires that develops an insect-based industry within the alternative protein and circular economy sectors. The early-stage company employs 11-50 people and has raised seed-stage capital.

Company typePrivate
Founded2019
HeadquartersBuenos Aires, Argentina
Headcount11–50
GTM typeB2B
OfferingHardware or Manufacturing

What Procens does

Procens is a triple-impact biofactory founded in 2019 and headquartered in Buenos Aires, Argentina. The company focuses on developing an insect-based industry, positioning itself within the alternative protein and circular economy sectors. According to the available firmographic data, Procens operates with a headcount of 11-50 employees and maintains a corporate presence at procens.org. Public information regarding the company's specific product portfolio, technology platform, customer base, and revenue mechanics is limited; the bulk of aggregated source material describes an unrelated Southeast Asian online gaming platform (TO188) that does not match Procens's stated identity and is treated here as a data aggregation error rather than a Procens signal.

On the technology and operations side, no proprietary processes, patents, certifications, or production-scale metrics are disclosed in the input. The "triple impact" framing (social, environmental, and financial) implies a multi-stakeholder model typical of insect bioprocessing ventures producing protein meal for animal feed, organic fertilizer from frass, and related by-products, but specific product lines and unit economics cannot be confirmed from the available evidence. Procens's Argentine base and small team suggest a pilot-to-early-commercial stage operation.

On the business model, Procens has secured three discrete funding events through 2023: non-dilutive support of unspecified size from Agencia Córdoba Innovar y Emprender (an Argentine provincial innovation and entrepreneurship agency) dated 2021, a $150,000 round dated July 2022, and a $400,000 round dated July 2023. No investor names are disclosed for the two priced rounds, no parent entity or subsidiary structure is reported, and no revenue, GMV, or paying-customer figures specific to Procens are available. The combined funding volume is consistent with a seed-stage build rather than commercial-scale distribution.

Procens firmographics

Firmographics

Name: Procens
Legal name: TO188
Website: https://procens.org
Company type: Private
Founded year: 2019
Operating status: Operating
Headcount range: 11–50 employees
Short description: Procens is an Argentine triple-impact biofactory founded in 2019 in Buenos Aires that develops an insect-based industry within the alternative protein and circular economy sectors. The early-stage company employs 11-50 people and has raised seed-stage capital.
Ownership category
akta.pro rank

Procens industry classification

Industry

Product category: Insect Bioconversion & Biofactory Manufacturing
NAICS: Pesticide and Other Agricultural Chemical Manufacturing (32532)
SIC: Agricultural Chemicals (2870)
akta.pro primary industry: Biological Pest Control (Beneficial Insects, Nematodes, Microbials) (AFABAKAB)
akta.pro secondary industry: Beneficial Insect & Predator Releases (Biocontrol) (HSAMALAC)

Keywords

Insect protein production
Bioconversion technology
Sustainable biofactory
Insect farming solutions
Circular economy inputs

Where Procens is headquartered

Location

Headquarters

HQ city: Buenos Aires
HQ country: Argentina
HQ region: Latin America

Markets served

Procens business model

Business model

GTM type: B2B
Offering type: Hardware or Manufacturing
Cost components: Personnel, Operations, Technology or R&D, Infrastructure

Revenue model

Online Gaming & Betting: Platform generates revenue through player deposits and betting activity across multiple game categories including slots, sportsbook, live casino, lottery, cockfighting, and fishing games.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Procens product offering

Product offering

Core offering

Procens is a triple-impact biofactory that develops an insect-based industry. The company operates insect farming and bioconversion processes to manufacture insect-derived biological outputs for sustainable applications, serving as an industrial producer within the emerging alternative-protein and circular-economy value chain.

Product overview

TO188 is an online gaming platform operating as a multi-product aggregator, offering sportsbook betting, online casino games, live dealer casino, slot games, peer-to-peer poker, lottery, fish hunter shooting games, cockfighting, and e-games. The platform integrates numerous third-party game providers rather than operating proprietary games, serving as a unified portal that connects players to various gaming content including Pragmatic Play, PGSoft, Microgaming, Playtech, Spade Gaming, and 50+ other providers across slots, casino, sports, lottery, and arcade categories. The platform supports multiple payment methods including bank transfers, e-wallets, pulse deposits, and QRIS, with a mobile application available for Android.

Differentiator

Problem solved

Functional benefit

Companies that use Procens

Customer profile

Segments1 record

Procens technology and API

Technology

Technology focussed Yes

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Procens partnerships and signals

Strategic signal

Partnerships

Nine partnerships are on record, tiered core.

Pragmatic PlaycoreTechnology or IntegrationSlot game provider integrated into TO188 platform. Games include Gates of Olympus, Mahjong Wins 3, Fury of Anubis, Sweet Bonanza Candy Land. Major provider featured prominently on homepage.
PGSoftcoreTechnology or IntegrationSlot game provider featured on TO188. Provides games like Mahjong Ways 2, Wild Bounty Showdown.
MicrogamingcoreTechnology or IntegrationSlot and casino game provider integrated into the platform.
PlaytechcoreTechnology or IntegrationProvider of slots and casino games on the platform including Mahjong Magic.
CMD SportscoreTechnology or IntegrationSports betting provider integrated into TO188 sportsbook section.
SBO SportscoreTechnology or IntegrationSports betting provider offering daily sports betting opportunities.
SABA SportscoreTechnology or IntegrationSports betting provider integrated into the platform.
EVO (Evolution Gaming)coreTechnology or IntegrationLive casino provider offering real-time casino gaming experience.
GIGA-GAMINGcoreChannel Partner/ Reseller/ DistributorAggregator platform distributing TO188 games. TO188 is listed on the GIGA-GAMING platform which provides game aggregation and user acquisition services.

Scale indicators3 records

Recent moves3 records

Expansion highlights4 records

Procens competitors and assessment

Company assessment

Direct peers

Ÿnsect: French insect protein pioneer farming mealworm for feed and fertilizer. Most direct global comparator to Procens' insect-based biofactory model and scale ambitions.
Protix: Dutch Black Soldier Fly larvae producer for animal feed and organic fertilizer. Directly comparable industrial insect biofactory with established offtake agreements.
InnovaFeed: French BSF insect producer for aquaculture feed and pet food. Operates industrial-scale biofactories with co-location strategies similar to what Procens aims to build.
nextProtein: French BSF producer turning organic waste into protein and fertilizer. Direct peer in the biological inputs and feed protein space.
AgriProtein: South African BSF insect protein producer for animal feed and organic fertilizer. Comparable biofactory model focused on waste-to-value proposition.

Emerging players

Entocycle: UK-based insect farming technology provider. Comparable emerging biofactory operator with similar scale and BSF focus.
Hexafly: Irish BSF producer for animal feed and biofertilizer. Comparable emerging biofactory with regional focus similar to Procens' LATAM positioning.

Broad incumbents

Biobest: Belgian biological pest control and pollination specialist. Adjacent peer if Procens pivots toward beneficial insect releases for biocontrol applications.
Koppert: Dutch global leader in biological crop protection and natural pollination. Established incumbent in beneficial insects and biostimulants that Procens could compete with or supply.

Regional players

Bioceres Crop Solutions: Argentine agricultural biologicals and inputs company. Most relevant LATAM-region comparable for a Córdoba-based biofactory targeting local ag markets.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

Procens financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Procens leadership team

Management profile

Number of profiles

Procens funding detail

Funding detail

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Procens M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Procens

What does Procens do?

Is Procens a public or private company?

Procens is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Procens founded?

Procens was founded in 2019. It employs 11 to 50 people.

Where is Procens based?

Procens is headquartered in Buenos Aires, Argentina, in the Latin America region.

How does Procens make money?

One revenue line is on record: online Gaming & Betting.

Who are Procens's main competitors?

Direct peers on record are Ÿnsect, Protix, InnovaFeed, nextProtein and AgriProtein. Emerging players are Entocycle and Hexafly. Broad incumbents are Biobest and Koppert. Bioceres Crop Solutions is listed as a regional player.

Does Procens have an API?

No public API is recorded for Procens.

What industry is Procens in?

Procens's product category is Insect Bioconversion & Biofactory Manufacturing. Its primary akta.pro industry code is AFABAKAB, Biological Pest Control (Beneficial Insects, Nematodes, Microbials), with a secondary code of HSAMALAC, Beneficial Insect & Predator Releases (Biocontrol). Its NAICS code is 32532 and its SIC code is 2870.