$16M Raised in Pre-Series A by Saltwater AgTech Red Sea Farms

Red Sea Farms

Saltwater AgTech startup Red Sea Farms, has raised $16 million in pre-series A funding. The round was led by Aramco’s entrepreneurship arm Wa’ed, KAUST, the Saudi government-owned Future Investment Initiative (FII) Institute, Global Ventures, AppHarvest, and US-based Bonaventure. Earlier this year, the AgTech announced that they had secured a $10 million investment. The additional $6 million brings their total raised to $16 million.

Red Sea Farms was co-founded in 2018 by world-renowned plant scientist, Dr. Mark Tester, and agriculture engineering expert, Ryan Lefers. They are actively trying to tackle humanity’s most difficult challenges which include climate change resilience, food security, and health. They envision a world where saltwater resources are used to grow healthy food sus...

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