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. In March 2021, Flying Spark went public on the TASE, achieving a valuation of $27 million.
Business overview
Flying Spark is an Agriculture & Food Technologies company focused on developing sustainable protein alternatives. The company has pioneered a 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, offering a cholesterol-free, nutrient-rich, and environmentally friendly protein source. Flying Spark serves the food industry, addressing the growing demand for alternative proteins and operating within the sustainable proteins and novel food & ingredients sectors.
Strategic signal
In February 2023, Flying Spark announced plans to begin phased production at its factory in Thailand. This strategic move indicates the company's progression from R&D to commercial-scale manufacturing, signaling a critical step towards market penetration and increased revenue generation for investors 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.