Category: Investment News

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).

Why Grain IoT Startup Telesense Acquired Webstech

Telesense, which counts major international shipping outfit Maersk Growth among its investors, says its acquisition of Webstech gives it the largest remote-sensed dataset for grain storage in the world.
ceradis

Dutch Biotech Startup Ceradis Secures €9m for New Biofungicide

It has taken the team of scientists at Ceradis more than a decade to develop a line of earth-friendly agriculture products. Now, with several on the market, the Dutch company has raised €9 million ($10 million) to commercialize a new biofungicide that prevents crop disease.