What is Loopworm?
Founded in 2019 by Ankit Alok Bagaria and Abhi Gawri, Loopworm is pioneering sustainable protein production by leveraging farmed insects. The company has successfully commercialized insect-derived proteins and fats, targeting aquaculture and pet nutrition markets. Loopworm is now advancing its proprietary technology by developing a novel reactor-free recombinant protein production platform that utilizes silkworms. This unique approach bypasses traditional methods of gene insertion into host organisms like yeast or bacteria, instead employing silkworms as biological factories to produce complex proteins. This innovation promises faster, more cost-effective, and environmentally sustainable protein manufacturing, positioning Loopworm as a key player in the alternative protein and biotechnology sectors.
How much funding has Loopworm raised?
Loopworm has raised a total of $10M across 3 funding rounds:
Angel/Seed
$3.4M
Angel/Seed
$3.4M
Other Financing Round
$3.2M
Angel/Seed (2022): $3.4M with participation from WaterBridge Ventures and Omnivore
Angel/Seed (2022): $3.4M, investors not publicly disclosed
Other Financing Round (2025): $3.2M supported by WaterBridge Ventures
Key Investors in Loopworm
WaterBridge Ventures
WaterBridge Ventures is a venture capital firm focused on supporting entrepreneurs in building significant companies across various industries. They are known for backing contrarian founders and have a portfolio that includes successful ventures in technology and inclusive finance.
Omnivore
Omnivore is an investment firm that typically focuses on companies within the agriculture and food technology sectors, aiming to foster innovation and sustainability in these critical industries.
What's next for Loopworm?
With the recent infusion of capital, Loopworm is poised for significant expansion and technological advancement. The major strategic investment indicates strong confidence from backers in the company's novel approach to recombinant protein production. This funding will likely accelerate the development and commercialization of their silkworm-based platform, potentially disrupting traditional biomanufacturing processes. Loopworm's focus on sustainability and cost-efficiency in protein production aligns with growing global demand for alternative food sources and advanced biomaterials, suggesting a trajectory towards scaling operations and capturing a larger market share in both the food and industrial biotechnology landscapes.
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