Adapted from a press release.
Sumitomo Corp.through Sumitomo Corporation do Brasil SA, announced a joint investment in Sans, A biotechnology company based in Sao Paulo, Brazil to unlock the next chapter of Black soldier fly (BSF) cultivation in Latin America.
Launched in 2015, Cyns’ specializes in sustainable insect-based animal nutrition in South America. Its BSF ingredients can be found in dog treats, bird and other exotic pet foods available in Brazil’s largest pet retail stores.
Lambrin Investments, a Brazilian family office and wealth management firm, has also joined Sumitomo in a seed funding round.
“We believe that we have a very competitive technology and have developed a very high quality product,” said João Pisa Cyns director. “Partnering with Lambarim and Sumitomo will expand our commercial operations in the U.S. and around the world and allow us to scale production to the levels this business demands.”
Cyns was the first company to receive regulatory approval to develop and market black soldier fly-based ingredients for animal nutrition in Brazil, the company said. Located in Piracicaba, São Paulo, Brazil’s most prominent agtech valley, the company has developed a unique, cost-competitive horizontal BSF rearing system that meets Brazil’s natural conditions and minimum HVAC requirements for large BSF farms. Also provides high bioconversion rate. Availability of sustainable food by-product streams used as a source of nutrition for BSF larvae.
Sense originated in 2015 as a project developed by Bug Biological Agents, a pioneer in insect rearing for biological pest control in Latam. In 2020, it received its first angel investment from Lambarin Investimentos, and in 2022 Cyns opened Brazil’s first BSF industrial pilot to receive regulatory approval. since then,
“We are excited to support the rapid development and distribution of alternative feed ingredients needed for animal feed in Latin America”, said João Simões, Insect Protein Project Leader at Sumitomo Corporation do Brasil SA. is critical in today’s business landscape, and we are proud to partner with Cyns to accomplish this important task.”
New breeding facility to reach new markets
Sumitomo and Lambarin’s new investment will support the next phase of Cyns’ development, in which they plan to set up a new BSF breeding facility capable of producing 1,000 MT BSF feed/year, and puppies. And cat food will be able to reach new markets, including aquaculture. and monogastric cattle in Brazil and Latam. The company is also preparing for its Series A investment round, expected in 2026, when the company should be ready to expand production capacity in Brazil and internationally, starting with neighboring countries in South America.
Insect-based nutrition is an important solution for significantly reducing the carbon footprint of animal nutrition, which is the second largest source of greenhouse gas emissions after agriculture, accounting for approximately 25% of emissions. . Insect-based ingredients are known to have a lower carbon intensity than their plant- and animal-based ingredients, reducing the carbon footprint of pet food and animal feed by at least 60% to 70% or more. Helps to reduce the maximum.
Along with the investment, Sumitomo Corporation do Brasil has also signed a commercial partnership agreement with Cyns, under which Sumitomo Corporation do Brasil will share application development and R&D of Cyns products in the Americas region. Will be in charge of marketing.