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Investor ICA Buys Into Insect Snack Maker Don Bugito

January 7, 2021: 12:00 AM EST
The Bay Area business accelerator has closed a $200K investment in the fast-growing San Francisco food business Don Bugito, maker of insect-based snacks inspired by pre-Columbian Mexican cuisine. Founded by Monica Martinez, the company champions the use of "bugitos" like crickets and mealworms, combined with traditional spices found in Native American and Mexican cuisine. The company’s product line includes Chile Lime Crickets, Spicy Bugitos, Granola Bites powered with insect protein powder, and even baking flour made of insects. ICA's investment is part of the San Francisco Entrepreneurs of Color Fund (EOCF), a collaborative investment fund that partners with local Community Development Financial Institutions to deploy capital to underinvested Latinx- and Black-owned businesses.
"ICA invests $200,000 to Accelerate Insect Snack Maker", PR Newswire, January 07, 2021, © Cision US Inc
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