Procens, a Certified B Corporation focused on sustainable nutrient recycling, has successfully secured $3.0 million in a recent funding round. This investment marks a significant milestone for the company as it aims to lead the development of an insect-based industry across Argentina and Latin America. The capital infusion will support Procens' strategic initiatives to expand its innovative solutions for converting organic waste into valuable resources.
The company specializes in developing modular and replicable plants for rearing Black Soldier Fly (BSF) larvae. These facilities are designed to convert local organic waste, sourced from agro-industrial operations and municipalities, into premium protein for animal feed and biofertilizer for local cultures. Procens emphasizes a zero-waste and zero-emission production process, aligning with its commitment to environmental sustainability and circular economy principles. Its B Corp certification underscores its dedication to social and environmental performance, accountability, and transparency.
The $3.0 million in secured funding is expected to accelerate Procens' operational scaling and the deployment of its proprietary BSF rearing technology. The company plans to utilize the capital to expand its network of modular plants, enhance research and development efforts, and strengthen its market presence within the region. This investment is crucial for Procens as it works towards establishing a robust and profitable insect-based industry that addresses both waste management challenges and the demand for sustainable protein sources.
Looking ahead, this financial backing positions Procens to significantly advance its growth plans and further its mission of fostering sustainable agricultural and waste management practices. The company anticipates that the expansion enabled by this funding will contribute to a more resilient and environmentally conscious food system in Latin America.
