Flying Spark

Fruit Fly Larvae-derived Protein

Agriculture & Food Technologies
Public on TASE on Mar, 2021<br>
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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.

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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.
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