Peruphasma schultei is a species of stick insect found in the Cordillera del Condor region of northern Peru. In the wild the insect feeds on Schinus plants, but will feed on privet and honeysuckle in captivity. In Peru they are only known to exist in a region of less than 5 hectares, but since their discovery they have become increasingly popular as pets worldwide due to their unusual colouration and they are now bred regularly in captivity. It is named after Rainer Schulte, who collected the original specimens.