SG insect protein maker Entobel raising $30m Series B round; IFC likely to invest $10m

Singapore-incorporated Entobel Holding Pte Ltd, which makes insect protein as a feed ingredient, is raising $30 million in a Series B round of funding to finance the construction of a production facility in Vietnam.

International Finance Corporation (IFC), a member of the World Bank Group, is proposing to invest $10 million in the round in the form of preferred equity, per its disclosure.

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