About the campaign
Last spring we started exploring options in the edible insect industry. We built the The Ballard Bug Barn, a customized and climate controlled barn, that was used to pilot insect rearing. There was immediate interest, so Virginia quit her job to start Beta Hatch, and to pursue her dream of farming insects! Over the summer we raised the first batch of mealworms in the Bug Barn, piloted sales to The Portage Bay Grange, and tested and retested our product and its packaging. This fall, we pitched at the CleanTech Open and got our first financing. We found a commercial space to grow more bugs and before we even moved in, we were already in negotiations for a 2,500 lb sales contract! We received a shipment of 500,000 mealworms to start our population.
Now: we're renovating a commercial space and are getting ready to move our insects into their new home! We will use these funds to expand our production capacity from around 800 lbs/month to nearly 4,000 lbs/month. This campaign is the first step in growing Beta Hatch to the next phase.
Each rearing unit costs around $100 dollars to make, and for every 200 units, a job is created for someone in the Seattle area. In addition, every dollar you lend is matched by the Fund Local Matching Capital Program, doubling your impact with Beta Hatch. Every $50 you lend to us will mean $100 for our growth.
Will you join us in our campaign to move Beta Hatch into its new home?
See below for a timelapse of our initial construction a few weeks ago!
Updates and payments
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