Ittinsect, a Rome-based biotech startup developing a sustainable alternative to aquaculture feed, has closed its first investment round of €625K in which CDP Venture Capital, through the Accelerators Fund, Katapult Ocean, Indico Capital Partners, LVenture Group and two angel investors participated. This investment comes on top of a series of public awards and funding from, among others, the Lazio Region, bringing the startup’s pre-seed funding to over €750K.
The fresh capital will enable Ittinsect to develop biotech research further, making highly nutritious proteins extracted from insects and agricultural by-products commercially accessible for use in aquaculture.
