Insect Protein Company Gets $20 Million Funding From Sumitomo, ING and Mandala
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Sumitomo Corp., ING Sustainable Investments and Mandala Capital Ltd. have invested in a $20 million funding round for Singapore-based NTG Holdings pte Ltd., which trades as Nutrition Technologies, which produces animal feed from black soldier fly maggots.
The funding round was led by PTT Ventures and was also backed by existing investors Openspace Ventures Ltd., SEEDs Capital Ltd. and Hera Capital Partners Ltd. ING Corporate Finance was the adviser.