All posts by Colin Ley

Red Sea Farms Raises $1.9m to Grow Tomatoes in the Desert Using Saltwater

Red Sea Farms, a Saudi Arabian startup developing saltwater-tolerant crops and saltwater-based greenhouses in the Middle East, has secured $1.9 million in funding.

The startup raised funding to build a 2,000 square meter saltwater greenhouse in Saudi Arabia comes from the country’s King Abdullah University of Science and Technology (KAUST) Innovation Fund and the Research Products Development Company (RPDC).

Canadian Automated Vertical Farm Systems Developer Inno-3B Raises C$6m Seed Funding

Canadian vertical farming systems developer Inno-3B has completed its first seed round of financing at nearly C$6 million ($4.45m).

Located in Quebec and Ontario, the company provides turnkey vertical farming systems for a variety of customers, from researchers, biotechnologists, and small-scale farmers, to regional and multinational producers.

Turkish Fintech for Farmers Raises $1.3m Seed Round, Targets 2019 Expansion

Tarfin, the Turkish digital platform that enables farmers to access agriculture inputs through instant financing solutions, recently completed a $1.3 million seed round.

Collective Spark Fund, a venture capital fund focusing on early-stage technology startups in fintech, consumer tech, and SaaS, led the round with a co-investment from Wamda Capital, a multistage VC focused on digital disruption.