CDTI Innovation, through Innvierte, has participated in an investment round in the company Bioflytech, S.L. together with Moira Capital Partners and the Xunta de Galicia (through XesGalicia). The contribution committed by the CDTI innovation is €4,955,000.
Bioflytech (BFT), founded in 2012 as a spin-off from the University of Alicante, is a leading company in Europe specialising in the breeding and processing of the black soldier fly. After years of research, BFT achieved efficient breeding and development of the fly, surpassing the standard breeding and fattening rates in the market.
BFT has developed an efficient industrial process that allows it to offer insect protein and fat of high nutritional value for use as a feed ingredient for animal feed, mainly aquaculture and petfood, thus offering a solution to the growing demand for protein in the market in an environmentally sustainable way. As a by-product, BFT obtains compost, which it markets as an organic fertiliser.
The financing obtained through this investment round will allow BFT to increase its production capacity.
Moira Capital Partners is a first Private Equity investment firm, specialising in direct investments in innovative Spanish companies, seeking high returns for European, private and institutional investors. In just over six years, Moira has committed more than 200 million euros to boost the high-growth projects of 15 innovative Spanish companies such as Cella Medical, a leader in technological solutions for complex surgery Solutions; Voovio, a simulation and virtual reality company applied to the process industry; GOI, the first logistics operator in Spain exclusively focused on the transport, assembly and installation of bulky goods; Cubiq, pioneers in healthy fats; Grit, leader in the sector of special liquefied and liquid gases; and Greene, gasification technology for waste recovery.
King & Wood Mallesons advised Moira Capital Partners with a Corporate team formed by partner Pablo Díaz and associate Enrique Murillo.
