Cricket One
Cricket One is a cricket protein producer focusing on sustainable alternative food production.
AgriTech
Startup Description
Founded in 2017 by Nam Dang and Bicky Nguyen, Cricket One has emerged as a leading innovator in the sustainable food movement. Driven by a mission to promote eco-friendly protein sources beyond Southeast Asia, they focus on farming and processing crickets as a viable and nutritious alternative. Cricket One's flagship product, a cricket powder boasting a remarkable 60-70% protein content and 7% fiber, is already a hit among bakeries and snack makers in ten countries, including the US and Europe. Their commitment to sustainability extends beyond the product itself. Cricket One partners with local farmers, providing them with training and ensuring they benefit from the growing demand for cricket-based products. This collaborative approach fosters local economic development and strengthens communities.
Looking ahead, Cricket One is poised for further expansion. They are actively exploring new product applications in collaboration with research institutions. These innovative ventures extend beyond the realm of food, delving into the potential of cricket-derived ingredients within the cosmetics and pharmaceutical industries. Furthermore, Cricket One recognizes the value of insect frass, a byproduct of cricket farming, as a potent organic fertilizer. With trials underway in Vietnam, Russia, and Korea for a range of exciting new products, including cricket protein sausages, mayonnaise, and protein beverages, Cricket One positions itself as a frontrunner in redefining the future of sustainable food production and resource utilization. Their dedication to innovation, environmental consciousness, and community development establishes Cricket One as a significant player in shaping a more sustainable and food-secure future.
In 2019, Cricket One closed a seed financing round, co-led by global venture firm 500 Startups and Singapore-based Masik Enterprise.
In 2023, Cricket One raised an undisclosed sum in a Series A round from Cub Capital.
Startup Details
Venture Round
Series A
Website
Address
Sunwah Pearl, 90 Nguyen Huu Canh, Binh Thanh, Ho Chi Minh City
Investors

500 Vietnam is a US$14 million fund aiming to make ~80 investments into Vietnam-connected startups

Cub Capital is led by Michael Blakey and Maria Shostak and focuses on early-stage companies at the pre-seed and seed stages, with a global investment reach.