Insect Feed Technologies

What Insect Feed Technologies does

Insect Feed Technologies, operating commercially as FeedBank under the legal entity Insect Technologies Group Pte Ltd., is a Singapore-headquartered producer of sustainable protein ingredients derived from Black Soldier Fly (BSF) larvae. Founded in 2020 by Sean Tan, the company converts organic waste — primarily fruit and vegetable by-products from the agro-farming industry — into nutrient-dense feed ingredients for aquaculture, pet food, and general animal feed, with organic fertilizer as a byproduct stream. Operations have expanded beyond Singapore into Indonesia and Malaysia, positioning the company as one of the more prominent regional BSF producers in Southeast Asia.

The core technology stack centers on BSF larvae farming supported by proprietary monitoring and environmental control systems designed to optimize larva growth conditions and ensure batch consistency, alongside a fully traceable supply chain from feedstock sourcing through production. Facilities are US FDA-registered and aligned with EU industry standards for BSF farming, providing a regulatory moat for serving international pet food and aquafeed customers. The product portfolio spans BSFL ingredients, aquafeed and pet food ingredients, general animal feed ingredients, BSF-based fertilizer, and tailored ready-to-use formulated solutions customized per customer.

Commercially, IFT runs a B2B, quote-based sales model targeting pet food producers, animal feed manufacturers (including aquafeed), and agricultural companies seeking organic fertilizer, with a stated strategic focus on niche and emerging markets often underserved by larger insect-protein competitors. The company is venture-backed, having raised approximately SGD 1.25 million (roughly USD 922,509) in a 2022 round led by Mistletoe with participation from EcoImpact Capital, and is led operationally by CEO Zechary (Zachary) Hoe following a 2023 leadership and brand restructuring.

Name

Insect Feed Technologies

Legal name

Insect Technologies Group Pte Ltd.

Website

https://insectfeedtechnologies.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Insect Feed Technologies (FeedBank) farms Black Soldier Fly larvae in Singapore, Indonesia, and Malaysia, converting organic waste into sustainable protein ingredients for aquafeed, pet food, and animal feed producers, plus organic fertilizer.

Ownership category

akta.pro rank

Product category

Sustainable animal feed ingredients

NAICS

Other Animal Food Manufacturing (311119), Animal Food Manufacturing (3111)

SIC

Agricultural Prod-Livestock & Animal Specialties (200), Wholesale-Farm Product Raw Materials (5150)

akta.pro industry

PRIMARYAFAEAIAI

Insect Farming (Crickets, Mealworms, Black Soldier Fly)

Agriculture & Food Production/Animal Production & Aquaculture/Other Livestock & Specialty Animal Farming (e.g., rabbits, bison, camelids)

SECONDARYAFAJAHAG

Insect Protein Ingredients (Cricket, Black Soldier Fly, Mealworm)

Agriculture & Food Production/Food Ingredients & Additives/Proteins & Protein Ingredients (Plant/Animal Proteins, Protein Isolates/Concentrates)

Keywords

• Insect protein ingredients
• Black soldier fly larvae
• Sustainable animal feed
• Aquafeed protein alternative
• Pet food ingredients

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. B2B Ingredients and Formulated Products: Sale of processed BSF-based ingredients and tailored ready-to-use products to pet food producers, animal feed manufacturers, and agricultural companies. Products include protein ingredients for animal feed, pet food, and fertilisers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Insect Feed Technologies (FeedBank) farms Black Soldier Fly larvae to convert organic food and agricultural waste into sustainable protein ingredients for the animal feed, pet food, and fertilizer industries. The company sells processed BSF-based ingredients (aquafeed, pet food, and animal feed grades) plus tailored, ready-to-use formulated products designed to integrate directly into B2B customer operations across Indonesia, Malaysia, and Singapore.

Product overview

Insect Feed Technologies operates as FeedBank (Insect Technologies Group Pte Ltd), offering a portfolio of sustainable Black Soldier Fly (BSF)-based ingredients and solutions. The core product line consists of Black Soldier Fly Larvae (BSFL) Ingredients, which serve as the foundational raw material for Aquafeed Ingredients, Pet Food Ingredients, Animal Feed Ingredients, and BSF-Based Fertilizer. The company differentiates through Tailored Ready-to-Use Solutions—custom-formulated, market-specific products that go beyond basic ingredients to provide practical, scalable solutions for pet food producers, animal feed manufacturers, and agricultural companies. Operations span Indonesia, Malaysia, and Singapore with FDA-registered facilities compliant with EU industry standards.

Differentiator

Problem solved

Functional benefit

Brands

• FeedBank: Sustainable feed brand producing Black Soldier Fly (BSF)-based ingredients for animal feed, pet food, and fertilizers. Operates across Indonesia, Malaysia, and Singapore.

Products and services

• Aquafeed Ingredients Sustainable Black Soldier Fly-based protein ingredients specifically formulated for aquaculture feed applications and sold to aquafeed manufacturers.
• Pet Food Ingredients All-natural insect-based feed ingredients for pet food production, designed to meet the nutritional requirements of companion animals.
• Animal Feed Ingredients Sustainable protein ingredients for general animal feed applications, utilizing Black Soldier Fly larvae to deliver high-quality nutrition.
• BSF-Based Fertilizer Organic fertilizer products derived from Black Soldier Fly farming operations, providing plant nutrition through a circular production system.
• Tailored Ready-to-Use Solutions Custom-formulated, ready-to-use products that integrate seamlessly into pet food, animal feed, and fertilizer operations, providing practical, scalable solutions for specialized industries.

Quantifiable outcome

• Uses fraction of land and water compared to traditional livestock farming
• +1 more outcomes

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Protix: Protix is one of the largest and most established Black Soldier Fly ingredient producers globally, supplying BSF-based protein and oil for pet food and animal feed. Directly comparable to Insect Feed Technologies/FeedBank on the same insect, same product category (aquafeed/pet food/fertiliser), and same B2B ingredient model.
• Innovafeed: French BSF producer with industrial-scale facilities producing insect protein for aquaculture (including a high-profile partnership with Cargill/ADM) and pet food. Closely comparable business model to FeedBank's aquafeed/pet food B2B ingredient proposition.
• Ÿnsect: Ÿnsect farms mealworms (Tenebrio molitor) for animal feed and pet food applications, and more recently has expanded into BSF-adjacent insect protein. Comparable to FeedBank as a major insect-ingredient startup supplying feed manufacturers with sustainability-positioned protein.
• Nutrition Technologies: Singapore/Malaysia-based BSF producer operating across SE Asia producing Hi.Protein and other BSF-based animal feed and fertilizer ingredients. Arguably the most direct competitor to FeedBank in the same geographies and same BSF ingredient product lines.
• AgriProtein: Pioneer commercial BSF producer (South Africa-origin) supplying MagMeal/MagOil for aquafeed and animal nutrition. Directly comparable as a BSF-to-feed ingredient B2B business with global ambition similar to FeedBank's.

Regional players

• Entofood: Malaysian Black Soldier Fly producer focused on converting food waste into insect-based protein for animal feed and fertilizer. Regional peer to FeedBank with overlapping Malaysian operations but smaller footprint than IFT's three-country reach.

Broad incumbents

• Bühler Group: Swiss industrial process equipment provider that builds and licenses insect-farming production lines (including for BSF), and partners with insect protein startups. Broad incumbent in the insect protein value chain relevant to FeedBank's scaling plans and proprietary process technology.

Emerging players

• Entocycle: UK-based BSF producer building insect protein supply for aquafeed and pet food with a technology-and-data focus. Comparable emerging player in the BSF ingredient category with a similar B2B go-to-market posture.
• BioflyTech: Spanish BSF producer developing insect-based ingredients for animal feed, with pilot-to-industrial scale operations. Comparable to FeedBank as a regional BSF ingredient specialist working on similar feed and pet food applications.
• Entofood / SGP Foods / Asia Insect Feed Solutions cluster: Singapore-based agri-food accelerator ecosystem (SGP Foods and related actors under the Singapore Food Agency's '30 by 30' initiative) supporting alternative-protein producers including insect-protein startups. Comparable as ecosystem/incubator context for FeedBank's Singapore-anchored operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/insect-feed-technologies-pte-ltd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors2 records

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

M&A

Investments

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

Frequently asked questions about Insect Feed Technologies