Danish insect ag firm ENORM has been declared bankrupt after a failed court-supervised restructuring process.
ENORM raised €50 million from backers, including DLG, in 2022 and opened a factory in Jutland in 2023 to supply animal feed with protein and oil from black soldier fly larvae.
ENORM had “experienced strong interest and premium pricing potential until late 2024” - Jane Lind Sam, COO
Momentum waned significantly, pushing the firm into reconstruction in late April 2025. Author's summary: ENORM bankrupt after failed restructuring.