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Maughan Capital announces investment in The Bug Factory
However, in the long term, the mealworm sector will scale to meet demand on a global agricultural level. Mealworm requires minimal resources to produce and has a much smaller environmental impact than soy, which is currently commonly used as animal feed. Mealworms are nutritious and cost-effective, and already successfully used as feed for pigs, chickens, and other animals with proven health benefits.
Nick Maughan , founder of Maughan Capital, said:
Tom Constant , CEO and Founder of The Bug Factory has said:
Maughan Capital manages the investment portfolio of Nick Maughan , a British businessman, ESG investor and philanthropist. Nick has invested in a wide range of companies and start-ups, mostly with a basis in data analysis, algorithmic modelling and emerging technologies. His innovations in risk and analytics have a wide application to theory and strategy in the realms of financial derivatives trading and technology, financial modelling, actuarial science, predictive analytics technology and big data.
A proponent of impact investing, Nick is involved in a number of projects designed to generate beneficial social or environmental effects, in addition to financial gains. He has argued for the need to improve the effectiveness and credibility of impact investing by establishing more rigorous systems for measuring and quantifying a company's "impact". Recent investments include funding a space satellite video feed company for the purpose of land and wildlife conservation monitoring and management, a carbon exchange and a sports-tech company developing products to protect those that engage in combat sports from brain injury.
https://www.maughancapital.com/
The Bug Factory manufactures eco-growing pods, designed for people's homes. The pods harness insect power to recycle food waste and convert it into pet food and plant fertilizer. They are manufactured from recycled fridges and freezers and aim to empower consumers to create their own affordable, sustainable and continuous source of animal feed while recycling their uneaten fruits and vegetables.
Founded in 2020, The Bug Factory was born after British entrepreneur Thomas Constant received a School Design Award at University for the initial concept in 2018. One year later, the company successfully launched on Kickstarter receiving 420% funding. The past two years have been spent conducting extensive research through customer data, global trends, and retailer interest and market validation. Officially launching December 2022 , The Bug Factory now distributers in the UK, EU and USA .
Over the next few years, The Bug Factory aims to remove over 125,000,000 kg of CO2 and help hit the UN 2030 Sustainable Development Goals. Specifically addressing: Goal 2 'zero hunger', Goal 12 'responsible consumption and production and Goal 13 'climate change'.
The Bug Factory | Grow Live Mealworms | lizards, chicken feed
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