Middle East AgTech accelerates expansion following oversubscribed investment round
Summary
This oversubscribed, pre-series A investment in Red Sea Farms cements confidence from international, regional and local investors in the burgeoning Saudi and Middle East AgTech sector. The increased investment accelerates Red Sea Farms’ ability to expand their Saudi and Middle East operations as well as exploring growth opportunities in the US where growing conditions are harsh. Red Sea Farms is committed to solving one of today’s greatest problems – how to feed the world in the face of diminishing resources. Combining impact with innovation through saltwater-based agriculture products, systems and services Red Sea Farms promotes environmental and economic sustainability by meeting the nutritional needs of water-scarce populations. The approach is a world-leading blend of plant science, sustainable cooling, light and energy management and systems that use Artificial Intelligence.