Better Origin, which turns flies into food for chickens, raises $3M from… Fly Ventures
It turns out, where there are flies, there’s brass. Better Origin is a startup that converts waste food into essential nutrients using insects fed to chickens inside a standard shipping container. It’s now raised a $3 million seed round led by Fly Ventures and solar entrepreneur Nick Boyle, while previous investor Metavallon VC is also participating. Its competitors include Protix, Agriprotein, InnovaFeed, Enterra and Entocycle.
Better Origin’s product is an “autonomous insect mini-farm.” Its X1 insect mini-farm is dropped on site. A farmer adds food waste gathered from nearby factories or from the farm into a hopper to feed the larvae of black soldier flies.
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Anti-Money Laundering Platform Salv Raises €1.5 Million to Expand AML Bridge Pilot to Various European Countries
Salv, an Estonia-based anti-money laundering platform, recently announced it secured €1.5 million to expand the pilot program AML Bridge to other European countries. According to Salv, the pilot comes in cooperation with four of Estonia’s largest banks – LHV, Luminor, SEB Estonia and Swedbank Estonia, and Estonian Financial Supervisory Authority, Financial Intelligence Unit and Data Protection Inspectorate.
Salv further revealed that the AML Bridge pilot was introduced in Estonia two months ago. The aim of this pilot is threefold:
To prove that collaborative crime-fighting in the banking industry is the best way to fight money laundering.