Tebrito secured $280 from Almi Invest and private investors.

Tebrito, a Mora, Sweden-based manufacturer of an alternative new protein food ingredient, announced closing a SEK 2.7M ($280k) capital investment round.

The funding was provided by local angel investors from Sweden, matched by a SEK 1M financial contribution from Almi Invest. Money will be used to increase the production as well as for taking it to the market.

Tebrito, founded in 2016 and led by CEO Nils Österström, produced a tasteless 80% protein powder of flour worms as a protein source for animals. In addition to large amounts of protein, the flour mask contains vitamins and minerals and also has anti-inflammatory properties. The residual product can be sold as high octane fertilizer. The company is already working with customers for selling its insect protein including restaurants and food producers.