Beta Bugs Secures Multimillion Investment for Insect Genetics Expansion
Deal News | Mar 05, 2025 | Scottish Enterprise
Beta Bugs, a Scottish firm specializing in insect genetics, has successfully secured a £2.1 million investment to further its mission of becoming a global leader in its field. This round of funding was led by TRICAPITAL Angels, with significant support from Scottish Enterprise. The investment aims to bolster Beta Bugs' research and development efforts, allowing the company to expand its genetic innovations in the insect industry, which holds potential for various applications, including agriculture and sustainability.
Sectors
- Biotechnology
- Agriculture
- Investment
Geography
- Scotland – The investment activity, as well as Beta Bugs' operations, are centered in Scotland.
Industry
- Biotechnology – The industry involved is biotechnology, focusing on genetic innovations in insect breeding and development.
- Agriculture – Insect genetics can play a vital role in agriculture, offering sustainable alternatives for animal feed and crop fertilization.
- Investment – The article involves investment activity by private equity and angel investors in the biotechnology sector.
Financials
- £2.1 million – The total investment amount secured by Beta Bugs from TRICAPITAL Angels and Scottish Enterprise.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Beta Bugs | Target company | Company | A Scottish company specializing in insect genetics. |
| TRICAPITAL Angels | Investor | Company | An angel investment syndicate leading the investment round. |
| Scottish Enterprise | Investor | Company | A public body that supports economic development in Scotland and co-investor in Beta Bugs. |