Saudi's Red Sea Farms raises $10m in venture capital investmentFunding in the AgTech business was led by Saudi and Emirati investors including A...
Published on by Water Network Research, Official research team of The Water Network
Funding in the AgTech business was led by Saudi and Emirati investors including Aramco's Wa'ed and Global Ventures
Saudi's Red Sea Farms raises $10m in venture capital investment
Red Sea Farms plans to use the funding to build and retrofit more than six hectares of commercial farming operations in central and western Saudi Arabia
In the region’s largest AgTech investment to date, Saudi’s Red Sea Farms has received $10 million in venture capital funding from a group of Saudi and UAE investors.
The funding is led by Saudi and UAE investors including the Aramco entrepreneurship arm Wa’ed, the non-profit foundation Future Investment Initiative Institute, King Abdullah University for Science & Technology (KAUST) – where Red Sea Farms is based - and Global Ventures, a UAE venture capital group.
https://www.arabianbusiness.com/funding/464422-saudis-red-sea-farms-raises-10m-in-venture-capital-investment
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