Investor dispute brings insect farming start-up before the High Court
A leading investor in the pioneering insect farming business Hexafly is suing the company weeks after it completed a capital restructuring, new court and company records show. Forsage Holdings, which previously led a funding round for Hexafly, issued a summary summons on Tuesday against Toggam Enterprises, the company trading as Hexafly. The nature of the proceedings suggests a demand for payment. Forsage Holdings, a family office founded in Dublin by Conor O’Donnell; its lawyers, Philip Lee; and Hexafly’s founding CEO, Alvan Hunt, did not respond when contacted by The Currency this Wednesday. Hexafly harnesses the larvae of black soldier flies…
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