Hargol FoodTech

Company Overview

Snapshot

Founded in June 2014 by Dror Tamir and Ben Friedman, Hargol FoodTech operates with 1–10 employees. The company has secured $8.49M in total capital across multiple funding rounds from 8 investors. In February 2020, Hargol FoodTech received funding from.

Business overview

Hargol FoodTech specializes in the intensive farming and cultivation of locusts as a sustainable alternative protein source. The company's core technology focuses on producing large quantities of locusts, which boast over 70% protein content, a neutral flavor, and are kosher and halal. Hargol FoodTech serves the food industry by providing whole locusts and locust protein powder as ingredients to food producers in Europe and the United States. Additionally, it engages in joint ventures to develop sports protein powders, nutritional supplements, and meat replacement products, operating within the Agriculture & Food Technologies sector with a focus on Novel Food & Ingredients and Sustainable Proteins.

Strategic signal

In August 2024, Hargol FoodTech was featured in an article titled 'Holy Locust!: Alternative protein that’s heaven sent,' signaling growing recognition and market acceptance for insect-based protein solutions. This indicates a positive shift in consumer perception and industry validation for Hargol's products, suggesting a potential for increased market penetration and strategic partnerships in the alternative protein sector.

Company Intelligence Q&A

What is Hargol FoodTech's primary focus?

Hargol FoodTech specializes in the cultivation of locusts for alternative protein, offering products like whole locusts and protein powder to food producers in Europe and the United States.

When was Hargol FoodTech founded and by whom?

Hargol FoodTech was founded in June 2014 by Dror Tamir and Ben Friedman.

What was a key funding event for Hargol FoodTech?

In February 2020, Hargol FoodTech received funding from Sirius Venture Capital Pte Ltd and ExitValley.

Has Hargol FoodTech received any grants?

In October 2019, Hargol FoodTech received a grant from the Israel Innovation Authority and the Israeli Ministry of Health. Previously, in March 2019, the company also secured a grant from the Israel Innovation Authority.

What is Hargol FoodTech's contribution to climate technology?

Hargol FoodTech's locust farms are designed to be climate-resilient, enabling global farmers to cultivate locusts under changing climate conditions. This production method significantly reduces greenhouse gas emissions, water consumption, arable land usage, and waste by over 99% compared to traditional protein sources.