Animal feed firm Hexafly set to close €40 million funding plan

Meath-based company plans to create 40 jobs and develop in core markets after investment by US private equity

lvan Hunt, chief executive and co-founder of Hexafly pictured with black soldier flies at the company HQ in Rathdrinagh, Co Meath. Picture: Barry Cronin

Hexafly, a sustainable animal feed business based in Navan, Co Meath, expects to close a €40 million funding round by the end of this year.

The business uses insects to feed off food waste to create sustainable sources of meal, insect oil, and frass, an organic fertiliser. It plans to create 40 new jobs following the investment over the next 12 to 18 months.

Hexafly was founded by Alvan Hunt and John Lynam in 2016 ...