Flying Spark Overview
Flying Spark has developed a technology to produce animal protein out of fruit fly larvae, enabling new ways of incorporating larvae protein into high-value food products for human consumption on an industrial scale. The company's protein powder is cholesterol-free and rich in iron, calcium, and magnesium. It also has a high essential amino acid profile, high bioavailability, and low glycemic index. Flying Spark's technology combines the farming and processing of the larvae, creating an efficient biological factory that can transform a low-cost proprietary diet into high-quality protein powders. The larvae have an extremely short lifecycle and rapid growth, making them an affordable source of animal protein. In addition, the process utilizes virtually no water or land and produces neither waste nor greenhouse gas emissions.
Cumulative Funding Raised Over Time ($)
$200KApr 2022
$950KDec 2015
$950KFeb 2023
$1.4MJun 2016
$1.9MMay 2017
$3.0MOct 2019
Latest News
Not Identified
קונה זמן? פליינג ספארק צפויה להתחיל בייצור מדורג במפעל בתאילנד
The provided text does not contain sufficient information to identify a specific company or relevant business event. The text appears to be a mix of navigation elements and categories from a financial news website, written in Hebrew. It includes sections on market news, stock analysis, and trading courses, but no specific details about a companys activities, investments, acquisitions, or other business events are mentioned.
growth-positive
ממשיך להתרחב: יריב לרנר רוכש את השליטה בחברת הפודטק פליינג ספארק | כלכליסט
Businessman Yariv Lerner is set to acquire a controlling stake in food tech company Flying Spark. Lerner will purchase 26% of Flying Sparks shares for 5.7 million shekels, a 57% discount on the share price. Flying Spark, which produces alternative protein from fly larvae, has seen its share price fall by 76% since the beginning of the year. The company, which has yet to record significant revenues from its operations, is transitioning to a commercial stage and is setting up its first production plant in Thailand. The funds from the acquisition will be used to finance the companys ongoing operations, particularly the completion of the transition to the commercial stage.
AcquisitionInvestment
growth-positive
מדינות המזרח מחפשות פתרונות לחלבון מהחי - ומצאו אותו אצל סטארטאפ ישראלי שמייצר חלבון מזחלים
Israeli foodtech startup Flying Spark has received an investment of approximately $2.5 million from international food giant Mitropul of Thailand. The company, which produces protein from insects, is now seeking additional funding through the stock market. Flying Sparks protein replacement is different from the common alternatives currently on the market, as it is based on fruit fly larvae. The protein produced by Flying Spark is a complete protein, meaning it contains all the components found in animal protein and is considered higher quality. The company was only established a year and a half ago but has already signed investment deals with three major corporations in the East.
InvestmentExpand
growth-positive
האוכל של העתיד: הפיתוח החדש שיכניס את החרקים למזון שלנו
Israeli startup Flying Spark, which produces protein from insects, is marking the future of the food industry. The company was founded by Eran Gronich after he was exposed to the global protein crisis. Flying Spark produces raw material - a very fiber and mineral-rich white protein powder that can be used to make various products. The company has recently been listed on the stock exchange and successfully raised NIS 24 million at a value of NIS 90 million. The companys headquarters are located in Israel and a production plant is being set up in Thailand.
InvestmentExpand
growth-positive
Would you eat fruit flies? This company is betting on it
Israeli food-tech startup Flying SpArk is producing protein powder from fruit fly larvae. The companys larvae-derived powder is rich in protein, amino acids, and minerals, and is pesticide- and antibiotic-free. Flying SpArk aims to address the global food crisis and environmental disaster caused by traditional meat production. The company estimates that its protein powder saves significant amounts of freshwater, land, and greenhouse gas emissions compared to meat production. Flying SpArk plans to initially use the powder for animal feed, with FDA approval for human consumption expected in 2022. The company recently went public and raised $6 million on the Tel Aviv Stock Exchange. Flying SpArks main competitor in the insect protein market is Hargol, and there are numerous Israeli food-tech companies developing alternative proteins.
InvestmentPublic Trading
| Sector | Agriculture & Food Technologies |
Funding
| Total funding | $10.47M |
| Last funding | Undisclosed |
| Stage | Public |
| Rounds | 8 |
| Investors | 4 |
Team Members
2
Employees: 11-50
Web & Social Links
| Website | www.flyingspark.com/ |
| Careers | Careers page |
Locations
Yitzhak Modai St 2, Rehovot, Israel
8RJR+GRQ, Huai Rong, Khao Yoi District, Phetchaburi 76140, Thailand
Photos & Videos
2 item(s)
Flying Spark Business
Business models
B2B, B2C
Product stage
Released
Employees
11-50
Sector
Climate TechFood & Land UseSustainable ProteinsAgriculture & Food TechnologiesFood TechNovel Food & IngredientsTarget Customer
Agriculture & FoodLivestockCore Technology
BiologicalsTags (8)
foodtechinsectsclimate-techagtechbiotechnologyfood-and-beveragefood-securityalternative-proteinUse Cases
Flying Spark's productsGeographic Markets
ThailandFlying Spark Financials
$10.47M
Total funding
Undisclosed
Capital raised
Undisclosed
Last funding
Public
Funding stage
8
Total rounds
4
Investors
Cumulative Funding Raised Over Time ($)
$200KApr 2022
$950KDec 2015
$950KFeb 2023
$1.4MJun 2016
$1.9MMay 2017
$3.0MOct 2019
Private Equity Funding
PIPE
Feb 2023
Undisclosed
Thai Union Group
PIPE
Apr 2022
$200K
Intempo Ventures
A Round
Oct 2019
$1M
Thai Union Group
Seed
May 2017
$500K
Crimson Seed Capital
Seed
Jun 2016
$500K
The Kitchen FoodTech Hub
Seed
Dec 2015
$750K
The Kitchen FoodTech Hub (Lead)
Non-Equity Funding
GrantEvent
Sep 2017
$20K
IKEA Bootcamp
Public Offering / Exit
POEvent
Mar 2021
Undisclosed
Flying Spark Lifecycle
Cumulative Funding Raised Over Time
$200KApr 2022
$950KDec 2015
$950KFeb 2023
$1.4MJun 2016
$1.9MMay 2017
$3.0MOct 2019
All Events
PIPE
Feb 2023
Undisclosed
Thai Union Group
PIPE
Apr 2022
$200K
Intempo Ventures
A Round
Oct 2019
$1M
Thai Union Group
Seed
May 2017
$500K
Crimson Seed Capital
Seed
Jun 2016
$500K
The Kitchen FoodTech Hub
Seed
Dec 2015
$750K
The Kitchen FoodTech Hub (Lead)
GrantEvent
Sep 2017
$20K
IKEA Bootcamp
POEvent
Mar 2021
Undisclosed
Flying Spark News
18 articles
Not Identified
קונה זמן? פליינג ספארק צפויה להתחיל בייצור מדורג במפעל בתאילנד
The provided text does not contain sufficient information to identify a specific company or relevant business event. The text appears to be a mix of navigation elements and categories from a financial news website, written in Hebrew. It includes sections on market news, stock analysis, and trading courses, but no specific details about a companys activities, investments, acquisitions, or other business events are mentioned.
growth-positive
ממשיך להתרחב: יריב לרנר רוכש את השליטה בחברת הפודטק פליינג ספארק | כלכליסט
Businessman Yariv Lerner is set to acquire a controlling stake in food tech company Flying Spark. Lerner will purchase 26% of Flying Sparks shares for 5.7 million shekels, a 57% discount on the share price. Flying Spark, which produces alternative protein from fly larvae, has seen its share price fall by 76% since the beginning of the year. The company, which has yet to record significant revenues from its operations, is transitioning to a commercial stage and is setting up its first production plant in Thailand. The funds from the acquisition will be used to finance the companys ongoing operations, particularly the completion of the transition to the commercial stage.
AcquisitionInvestment
growth-positive
מדינות המזרח מחפשות פתרונות לחלבון מהחי - ומצאו אותו אצל סטארטאפ ישראלי שמייצר חלבון מזחלים
Israeli foodtech startup Flying Spark has received an investment of approximately $2.5 million from international food giant Mitropul of Thailand. The company, which produces protein from insects, is now seeking additional funding through the stock market. Flying Sparks protein replacement is different from the common alternatives currently on the market, as it is based on fruit fly larvae. The protein produced by Flying Spark is a complete protein, meaning it contains all the components found in animal protein and is considered higher quality. The company was only established a year and a half ago but has already signed investment deals with three major corporations in the East.
InvestmentExpand
growth-positive
האוכל של העתיד: הפיתוח החדש שיכניס את החרקים למזון שלנו
Israeli startup Flying Spark, which produces protein from insects, is marking the future of the food industry. The company was founded by Eran Gronich after he was exposed to the global protein crisis. Flying Spark produces raw material - a very fiber and mineral-rich white protein powder that can be used to make various products. The company has recently been listed on the stock exchange and successfully raised NIS 24 million at a value of NIS 90 million. The companys headquarters are located in Israel and a production plant is being set up in Thailand.
InvestmentExpand
growth-positive
Would you eat fruit flies? This company is betting on it
Israeli food-tech startup Flying SpArk is producing protein powder from fruit fly larvae. The companys larvae-derived powder is rich in protein, amino acids, and minerals, and is pesticide- and antibiotic-free. Flying SpArk aims to address the global food crisis and environmental disaster caused by traditional meat production. The company estimates that its protein powder saves significant amounts of freshwater, land, and greenhouse gas emissions compared to meat production. Flying SpArk plans to initially use the powder for animal feed, with FDA approval for human consumption expected in 2022. The company recently went public and raised $6 million on the Tel Aviv Stock Exchange. Flying SpArks main competitor in the insect protein market is Hargol, and there are numerous Israeli food-tech companies developing alternative proteins.
InvestmentPublic Trading
growth-positive
בקרוב נאכל חרקים? "פליינג ספארק" גייסה 25 מיליון שקל
Food tech company Flying Spark, which produces protein from insects, has raised around 25 million shekels (approximately $7.7 million) at a company valuation of 90 million shekels (approximately $27.8 million). The companys shares are expected to begin trading on the Tel Aviv Stock Exchange in the coming days. Flying Spark produces protein and oil from fruit fly larvae and aims to be the first public company in the world to produce and market insect-based protein products. The company plans to use the funds raised to establish its first production plant in Thailand, promote regulatory processes for protein approval as human food, and strengthen its research and development team in Israel.
InvestmentPublic TradingExpand
growth-positive
Insect protein company FlyingSpArk to go public at NIS 120 million valuation
Israeli startup FlyingSpArk, which produces protein powder from fruit fly larvae, plans to go public on the Tel Aviv Stock Exchange. The company aims to raise NIS 20 million ($6.2 million) to establish its first production facility in Thailand and an R&D center in Israel. FlyingSpArk is valued at NIS 100-120 million ($30-$37 million). The IPO is underwritten by Israeli Investment bank Value Base. Strategic investors in the company include the Strauss Group, which owns 35% of its shares, and Thai Union, a large tuna and seafood producer. The companys solution addresses the growing need for protein sources due to overpopulation and food shortages, offering an environmentally-friendly and sustainable alternative to raising livestock. FlyingSpArk aims to tap into the $41 billion protein component market, with the alternative sourced protein market projected to reach $18 billion by 2025.
InvestmentPublic TradingExpand
growth-positive
Thai Union Group Invests in Alternative Protein Startup, Flying Spark
Flying Spark, a FoodTech startup, has formed a strategic partnership and received an investment from Thai Union Group, one of the worlds largest seafood producers. The collaboration aims to develop larval insect protein as an affordable and sustainable alternative protein source. Thai Unions investment will enable Flying Spark to expand its insect growing and processing capabilities in Thailand. The partnership aligns with Thai Unions venture fund, which focuses on investments in innovative food-tech companies. Flying Sparks technology allows for easy and low-cost cultivation and processing of larvae, with minimal waste. The company produces a 70% protein powder that is rich in nutrients and can be incorporated into various food and feed products. Thai Union is committed to sustainability and has been recognized for its efforts in the Dow Jones Sustainability Index.
InvestmentPartners
growth-positive
Flying Spark: Mediterranean fruit fly protein attracts Asian investment
Israeli start-up Flying Spark has received investment from Thai Union, the worlds largest producer of shelf-stable tuna products. Flying Spark offers high protein ingredients made from Mediterranean fruit fly larvae for use in various food applications. The funding will help drive down costs, scale up production, and develop insect-based products for the market. Flying Sparks insect protein is cost-effective, nutritious, and environmentally friendly compared to traditional animal protein sources. The start-up has received interest from industry players such as Grupo Bimbo, Nestlé, and Ikea.
PartnersInvestment
growth-positive
https://www.jpost.com/HEALTH-SCIENCE/Israeli-start-up-introduces-hot-new-dish-fruit-fly-larvae-meatballs-510957
Israeli food tech start-up FlyingSpArk has developed insect powder and oil extract as an alternative protein source. The company uses fruit fly larvae, which have a short life span of six days and are easy to cultivate. The larvae are fed a variety of fruits and vegetables, which influences their nutritional values. The larvae are processed into powder and oil, with the powder sold at $15,000 USD per ton and the oil sold at $70-$80 USD per kilogram. FlyingSpArks products have received recognition from IKEA, which plans to add the protein boost powder to its food products. The global market for edible insects is expected to grow 40 percent by 2023. FlyingSpArk aims to grow larvae in any climate zone and produce protein powders locally to address the global food crisis.
Customers
growth-positive
IKEA chooses Israeli food-tech firm for new accelerator
Flying SpArk, an Israeli food-tech startup, has been accepted into the first class of the IKEA Bootcamp startup accelerator. The company is developing an alternative protein powder made from fruit flies. The accelerator program will provide mentorship and collaboration opportunities with IKEA, with the goal of eventually launching the product at IKEAs restaurants. Flying SpArk has raised $1 million in funding and has been building up its infrastructure and technologies. The company aims to address hunger and malnutrition through sustainable protein sources. Millennials are showing interest in adding insect flour to their food to contribute to a more sustainable world.
PartnersInvestment
growth-positive
Meatless meat: the startups ditching animals from meat
Impossible Foods, the biotech startup behind the plant-based Impossible Burger, has raised $75 million in funding, bringing its total investment to $257 million. The latest round includes funds from Bill Gates and Dustin Moskovitzs Open Philanthropy Project, as well as Khosla Ventures and Horizons Ventures. The company plans to open a new production facility in California to increase its capacity. Impossible Foods aims to create meatless burgers that taste and feel like real meat, using plant-based ingredients and lab-grown techniques. The company is part of a growing trend in the food industry towards sustainable and ethical alternatives to traditional meat products.
InvestmentExpand
growth-positive
14 disruptive food-tech startups that will change how we eat
Israels Hargol FoodTech, a food-tech startup, is exporting grasshopper-based protein powder to North America. The company has established the worlds first commercial-scale grasshopper farm in Israel and has raised a total investment of $1 million. Hargol FoodTech won the TLV Startup Challenge and will present at the Alltech One Ideas Conference. The Israeli food-tech sector is estimated to have more than 100 startups, with a focus on agro-tech, protein substitutes, and fruits and vegetables for processed foods.
InvestmentExpand
growth-positive
Could oils from fruit fly larvae and algae feed the world?
The article discusses the potential of oils from fruit fly larvae and algae as commercial alternatives to traditional vegetable oils. These alternative oils are cheaper to produce, more environmentally friendly, and have a favorable health profile. However, the biggest challenge for insect ingredients, including fruit fly oil, is consumer acceptance. Algae oil has already achieved success and is widely used in infant formula and supplements. The demand for alternative oils is likely to grow, especially if they are cheaper than current options. The article does not mention any specific company or date of the event.
CustomersPartners
growth-positive
Algae and insects: Are they still the next big ingredients in cooking oils?
Flying SpArk, an Israeli company specializing in products made out of fruit fly larvae, offers a protein-rich, cholesterol- and gluten-free alternative to commercially available oils. The companys fruit fly oil is environmentally friendly and has garnered positive responses from multinational food/ingredients manufacturers. Another healthy and environmentally friendly option is oil made from algae, such as Thrive Algae Oil. Algae oil production has a low carbon and water footprint, and the oil can be used in various culinary applications. These alternatives to traditional oils are gaining popularity as consumers search for new and healthy options.
Customers
growth-positive
Israeli startup would feed us fruit fly larvae
Flying SpArk, an Israeli startup, produces high-quality, environmentally friendly animal protein by breeding and processing fruit fly larvae. The company aims to address the challenge of providing animal protein to a growing population while minimizing environmental impact. Flying SpArks protein powder is a nutritious and cost-effective alternative to existing animal protein sources. The company was founded by Eran Gronich and Yoram Yerushalmi and is based in Ramat Gan, Israel. The article was published on December 13, 2016.
CustomersPartners
growth-positive
Taste what's cooking in The Kitchen food-tech incubator
The Kitchen, the worlds only food-tech incubator located in Ashdod, Israel, is focused on making the food chain more productive, affordable, sustainable, and healthful. The incubator invests half a million dollars of seed money in every accepted company and accepts four startups each year. The first three startups in The Kitchen are Yofix, Bactusense, and Deep Learning Robotics, each working on breakthrough solutions in the food industry. Major companies like Nestle, Danone, Unilever, and PepsiCo have visited The Kitchen to explore potential partnerships. The Kitchen is part of the Israeli Ministry of Economys Technological Incubators Program and aims to solve real problems in the food industry with global scalability.
InvestmentAcquisition
Flying Spark food-tech asks, "Do you want flies with that?" - Green Prophet
Employee Info
| Employees (range) | 11-50 |
| Exact count | 22 |
| Team members | 2 |
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Flying Spark Internal
Recent Updates
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 515259307 |
| Crunchbase | flying-spark |
| Phone | +972-8633-9556 |
| Last updater | Ortal Wein |
| Updater email | ortalw@sncentral.org |
| Last update | 2023-06-07T00:00:00.000Z |
| Created | 2015-10-20T00:00:00.000Z |
| Claimed | Yes |
| Status detail | Public on TASE on Mar, 2021<br> |