Hipster Flies help SA biotech company take flight - Dominique Malan Maltento

Maltento, a pioneering biotech company based in Cape Town, has successfully concluded a capital raise of £3.3 million (R63.78 million) from Sand River Venture Capital. The funding injection will enable Maltento to significantly scale up its business, which centers around farming black soldier flies for animal feed. Operating from their factory located in Epping, Cape Town, Maltento is currently shipping more than 15 tonnes of processed black soldier fly larvae to the United States every month. Dominic Malan, the Commercial Director and Co-founder of Maltento told Biznews that highlighting the gut health and hypoallergenic benefits of insect protein rather than focusing solely on the origin and the insects could shift the narrative and encourage the adoption of insect-based products among humans- Linda van Tilburg  Learn more about your ad choices. Visit megaphone.fm/adchoices