- → S2G Investments and Ocean 14 Capital Fund I made a joint investment in Enthos in May 2025; the amount was not disclosed.
- → Enthos 1, a commercial-scale plant in Colombia, uses black soldier fly larvae to turn food waste into insect meal, oil and organic fertilizer.
- → The investors see insect meal as an alternative to fishmeal, most of which ends up in aquaculture feed.
Colombian company Enthos Circular Feed Technologies is building what it aims to make one of Latin America's largest insect protein plants, according to The Fish Site. In May 2025, S2G Investments and Ocean 14 Capital Fund I announced a joint investment to support the project; the financial terms were not disclosed.
From food waste to feed
The flagship facility, Enthos 1, uses black soldier fly larvae to upcycle food waste. The larvae become high-protein insect meal and oil for the animal and aquaculture feed industries, and the remaining material becomes organic fertilizer, according to the investors.
"The black soldier fly larvae are ferocious consumers of food waste and grow over 200 times in a feeding period of 15 days," Enthos CEO and co-founder Andreas Grimminger said, as reported by The Fish Site. "Turning organic waste into high value protein and oils has the triple benefit of sustainably feeding more people," he added.
Why investors are betting on insects
Ocean 14 Capital, a €201 million blue economy impact fund, sees insect meal from Enthos as a key alternative to the fishmeal used in aquaculture, principal Piers Lakin said. A study cited by The Fish Site suggests about 70% of fishmeal and 73% of fish oil are used in aquafeeds.
S2G managing director Larsen Mettler said Enthos stood out for its ability to turn waste into a high-value asset. S2G describes Enthos 1 as a replicable blueprint for future sites and says the funding will help expand the facility, optimize operations and build strategic relationships.
What we don't know yet
The companies have not disclosed where in Colombia the plant is located, how much waste it will process or when it will reach full production. FuturoFood will update this story when those details are public.
Verified source: The Fish Site. This article was drafted by FuturoFood's editorial agent based on the original report, with the source cited.