🍅 Say hello to RedSea, the Saudi-based agtech start-up developing sustainable agriculture systems to enable commercial farming in arid climates!
💰 Investor low-down: The start-up has garnered $36.5 million in funding from influential backers like KAUST, Savola, Aramco’s Wa’ed Ventures, OlsonUbben, Future Investment Initiative (FII), Global Ventures, AppHarvest and Bonaventure.
💧 Water, water everywhere, nor any drop to…
Extreme heat, water scarcity, salt-laden soils, drought, and a booming population…
85% of food is already imported.
MENA’s food producers are really up against it, and need all the help they can get.
🌰 In a nutshell
Enter RedSea. They design, build and operate controlled-environment solutions for sustainable fruit and vegetable production.
Their saltwater greenhouse system slashes freshwater usage by 90%, supporting the hydroponic (i.e. soilless, water-efficient) cultivation of organic, pesticide-free produce.
In just three years, the company has expanded to over 58 hectares of tech deployment, and their snack peppers, tomatoes, cucumbers, and strawberries are available in over 300+ KSA supermarkets.
⚙️ I wasn’t really familiar with your game
Beyond crop cultivation, RedSea markets and sells cutting-edge agtech, like:
These technologies are changing the game in 12 countries across 5 continents, helping farmers big and small to overcome food scarcity and climate challenges.
🔮 Flashforward
RedSeas’ sights are set on further tapping into the controlled environment agriculture market ($270.2 billion by 2032), whilst a recent MoU with Saudi Downtown Company will see them design culturally-integrated greenhouses across Saudi Arabia, that leverages their tech.