Flying Spark
Fruit Fly Larvae-derived Protein
Company Overview
Snapshot
Founded in May 2015 by Eran Gronich, Flying Spark operates with 11–50 employees. The company has raised $10.47 million across 8 funding rounds from 4 investors. Flying Spark went public on the TASE in March 2021 with a valuation of $27 million.
Business overview
Flying Spark is an Agriculture & Food Technologies company focused on developing sustainable protein alternatives. The company has developed a proprietary technology to produce animal protein from fruit fly larvae, which can be incorporated into high-value food products for human consumption on an industrial scale. Its core products include high-quality protein powder, Omega-9 oil, and Omega-7 oil, which are cholesterol-free, rich in essential nutrients, and boast high bioavailability. Flying Spark serves the food industry by providing an efficient, environmentally friendly source of protein that utilizes minimal water and land, and produces no waste or greenhouse gas emissions.
Strategic signal
In February 2023, Flying Spark announced plans to begin phased production at a new factory in Thailand. This strategic move signals the company's commitment to scaling its operations and expanding its market reach, particularly in Asian markets which are actively seeking alternative animal protein solutions. For investors, this indicates a significant step towards commercialization and increased production capacity, potentially leading to higher revenue generation and market penetration in the alternative protein sector.
Log in to access full profile ›Company Intelligence Q&A
- What is Flying Spark's primary product?
- Flying Spark's primary product is a high-quality protein powder derived from fruit fly larvae, designed for human consumption. The company also produces Omega-9 and Omega-7 oils.
- When did Flying Spark go public?
- Flying Spark went public on the TASE in March 2021, with an initial public offering that valued the company at $27 million.
- Which investor participated in Flying Spark's October 2019 funding round?
- In October 2019, Thai Union Group invested in Flying Spark during an A Round funding event.
- What significant operational development occurred in February 2023?
- In February 2023, Flying Spark was set to commence phased production at its factory in Thailand, marking a key step in scaling its manufacturing capabilities.
- Which investor led Flying Spark's seed funding round in December 2015?
- The Kitchen FoodTech Hub led Flying Spark's seed funding round in December 2015.