{"id":11524,"date":"2022-02-14T12:24:00","date_gmt":"2022-02-14T11:24:00","guid":{"rendered":"https:\/\/www.2cfinance.net\/?p=11524"},"modified":"2023-03-29T12:22:55","modified_gmt":"2023-03-29T10:22:55","slug":"tomojo-the-insect-based-pet-food-startup-raises-3-million-euros","status":"publish","type":"post","link":"https:\/\/www.2cfinance.net\/en\/tomojo-the-insect-based-pet-food-startup-raises-3-million-euros\/","title":{"rendered":"Tomojo, the insect-based pet food startup, raises 3 million euros"},"content":{"rendered":"\n

Tomojo, the French startup that specializes in insect-based pet food, has just raised 3 million euros in funding from SWEN Capital, BNP Paribas D\u00e9veloppement, and various business angels. Transaction Services – 2CFinance<\/a><\/strong> conducted financial due diligence<\/a><\/strong> of Tomojo.<\/p>\n\n\n\n

Founded in 2017 by Madeleine Morley and Paola Teuli\u00e8res, Tomojo offers to replace traditional animal proteins with black soldier fly and Tenebrio Molitor meal, which are sources of high-quality protein. The kibbles are made in France with 85% of French-origin ingredients. Already being distributed online, at veterinarians, and in Carrefour Market stores in the Paris region, Tomojo now aims to expand its distribution.<\/p>\n\n\n\n

With this funding, the company also intends to double its workforce and strengthen its R&D to develop new products.<\/p>\n\n\n\n

SWEN Capital is a private equity firm that specializes in sustainable investments. BNP Paribas D\u00e9veloppement is a subsidiary of BNP Paribas that supports SMEs in their development. Tomojo had previously raised \u20ac1.5 million in seed funding in 2019.<\/p>\n\n\n\n

Tomojo’s insect-based pet food is a sustainable and ethical alternative to traditional pet food, as insects have a lower environmental impact and can be raised with less water and feed than traditional livestock. The global pet food market is expected to reach $113.08 billion by 2025, and Tomojo is well-positioned to capture a share of this growing market with its innovative and eco-friendly approach.<\/p>\n\n\n\n

This funding round marks an important milestone for Tomojo, and the company is well-positioned to continue its success in the rapidly growing pet food industry.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tomojo, the French startup that specializes in insect-based pet food, has just raised 3 million euros in funding from SWEN Capital, BNP Paribas D\u00e9veloppement, and various business angels. Transaction Services – 2CFinance conducted financial due diligence of Tomojo. Founded in 2017 by Madeleine Morley and Paola Teuli\u00e8res, Tomojo offers to replace traditional animal proteins with […]<\/p>\n","protected":false},"author":3,"featured_media":6884,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-11524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"\nTomojo, the insect-based pet food startup, raises 3 million euros | 2CFinance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.2cfinance.net\/en\/tomojo-the-insect-based-pet-food-startup-raises-3-million-euros\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tomojo, the insect-based pet food startup, raises 3 million euros | 2CFinance\" \/>\n<meta property=\"og:description\" content=\"Tomojo, the French startup that specializes in insect-based pet food, has just raised 3 million euros in funding from SWEN Capital, BNP Paribas D\u00e9veloppement, and various business angels. 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