Agriprotein
- Company typePrivate
- Founded2008
- HeadquartersCape Town, South Africa
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Agriprotein does
Agriprotein is a privately held South African insect-protein company founded in 2008 and headquartered in Cape Town. It specialises in nutrient recycling, using black soldier fly larvae to convert organic waste into sustainable protein for the mono-gastric animal feed industry (poultry, swine, and aquaculture feed). The core technology is industrial-scale bioconversion of organic waste streams into insect-based protein meal and related outputs, with the company explicitly targeting feed applications where fishmeal and soy protein alternatives have environmental and cost limitations.
The company operates with 51–100 employees and is led by co-founder Jason Drew (CEO), with David Drew as Managing Director, Mark Williams as COO, Olaf Jebens as Director of Technology Transfer, and functional heads covering alternative nutrient streams (Marc Lewis) and research (Cameron Richards). Agriprotein has raised over $122 million cumulatively across three disclosed funding events between 2015 and 2018, with the most recent being a $105 million round in June 2018 — a step-up consistent with an aggressive capacity-build-out phase. The company has also used M&A as a growth lever, acquiring Millibeter in December 2018 for an undisclosed amount, which signals capability or geographic expansion beyond its South African base.
Agriprotein's revenue model is B2B sale of insect-protein meal and derived nutrient products to animal feed manufacturers, with potential adjacent revenue from waste-management services (gate fees for organic waste intake) and, given the technology-transfer function, possible future IP licensing. The publicly available data does not disclose customer logos, contract structures, pricing, or revenue figures; firmographics, funding cadence, and acquisition activity are the primary signals available for assessing scale and trajectory.
Agriprotein firmographics
Firmographics- Name
- Agriprotein
- Website
- https://agriprotein.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Agriprotein industry classification
Industry- Product category
- Insect-Based Animal Feed Protein
- NAICS
- Other Animal Production (1129)
- SIC
- Agricultural Prod-Livestock & Animal Specialties (200)
- akta.pro primary industry
- Insect Farming (Crickets, Mealworms, Black Soldier Fly) (AFAEAIAI)
- akta.pro secondary industries
- Insect Protein Ingredients (Cricket, Black Soldier Fly, Mealworm) (AFAJAHAG), Insect-Based Protein Foods Manufacturing (AFAKAGAJ)
Keywords
Where Agriprotein is headquartered
LocationHeadquarters
- HQ city
- Cape Town
- HQ country
- South Africa
- HQ region
- Africa
Markets served
Agriprotein business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure
Distribution channels1 record
Marketing channels2 records
Agriprotein product offering
Product offeringCore offering
Agriprotein rears black soldier fly larvae on organic waste streams to convert nutrient-rich byproducts into sustainable protein meals and oils for the mono-gastric animal feed industry. The company's process recovers nutrients from waste, producing insect-based feed ingredients for aquaculture, poultry and pig feed manufacturers, along with frass (insect-derived fertilizer) as a secondary output.
Product overview
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Differentiator
Problem solved
Functional benefit
Products and services
- Insect Protein Meal
- Insect Oil
- Frass (Insect-Derived Fertilizer)
- Organic Waste Bioconversion Service
Companies that use Agriprotein
Customer profileSegments1 record
Ideal customer profiles2 records
Agriprotein technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Agriprotein partnerships and signals
Strategic signalRecent moves4 records
Expansion highlights5 records
Agriprotein competitors and assessment
Company assessmentEmerging players
- Entofood: Malaysian black soldier fly producer supplying aquafeed and pet food. Similar early-stage profile with comparable insect protein and frass outputs targeting Southeast Asian feed markets.
- Hexafly: Irish black soldier fly producer converting organic waste into protein for animal feed and oils for pet food. Closely comparable in circular-economy model and mono-gastric feed target.
- Entocycle: UK-based black soldier fly insect protein company focused on animal feed and pet food. Comparable species focus and product positioning, though at earlier commercial scale.
Direct peers
- InnovaFeed: French black soldier fly protein producer supplying aquafeed and plant fertilisers, with deep partnerships with major agricultural groups. Directly comparable in insect species, value chain position, and downstream feed focus.
- Bioflytech: Spanish black soldier fly insect meal and frass producer targeting animal feed and fertilisers. Comparable scale, species focus, and dual-product (protein + frass) revenue model.
- Ÿnsect: French industrial insect protein producer (mealworm) targeting pet food, aquafeed, and human food. Most direct global comparable to AgriProtein in scale, technology focus, and target end-markets.
- Protix: Dutch pioneer in black soldier fly insect protein for animal feed and pet food. Closest European peer to AgriProtein on technology, target customers, and circular-economy positioning.
- Nutrition Technologies: Singapore-based black soldier fly producer focused on animal feed and organic fertiliser across Southeast Asia. Comparable business model and product mix, with regional rather than African footprint.
Broad incumbents
- Cargill: Global agricultural commodities and animal nutrition giant that both competes with and is a potential customer/distributor for insect protein producers. Relevant as a buyer-side incumbent shaping demand for alternative proteins in feed.
- Bühler Group: Swiss industrial equipment and process technology provider that has built dedicated insect protein processing solutions and partnered with insect protein producers. Comparable as an infrastructure/technology enabler in the same value chain.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Agriprotein social profiles
Digital presenceAgriprotein financial estimates
Financial estimateRevenue estimate
Valuation estimate
Agriprotein leadership team
Management profileNumber of profiles
Profiles6 records
Agriprotein funding detail
Funding detailFunding overview
Funding rounds3 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Agriprotein M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Agriprotein
What does Agriprotein do?
Agriprotein rears black soldier fly larvae on organic waste streams to convert nutrient-rich byproducts into sustainable protein meals and oils for the mono-gastric animal feed industry. The company's process recovers nutrients from waste, producing insect-based feed ingredients for aquaculture, poultry and pig feed manufacturers, along with frass (insect-derived fertilizer) as a secondary output.
Is Agriprotein a public or private company?
Agriprotein is a private company. It is classified as venture growth investor backed and is currently operating.
When was Agriprotein founded?
Agriprotein was founded in 2008. It employs 51 to 100 people.
Where is Agriprotein based?
Agriprotein is headquartered in Cape Town, South Africa, in the Africa region.
Who are Agriprotein's main competitors?
Emerging players on record are Entofood, Hexafly and Entocycle. Direct peers are InnovaFeed, Bioflytech, Ÿnsect, Protix and Nutrition Technologies. Broad incumbents are Cargill and Bühler Group.
Does Agriprotein have an API?
No public API is recorded for Agriprotein.
What industry is Agriprotein in?
Agriprotein's product category is Insect-Based Animal Feed Protein. Its primary akta.pro industry code is AFAEAIAI, Insect Farming (Crickets, Mealworms, Black Soldier Fly), with a secondary code of AFAJAHAG, Insect Protein Ingredients (Cricket, Black Soldier Fly, Mealworm). Its NAICS code is 1129 and its SIC code is 200.