Others

Seed

PE Round

Series A

Unknown Series Round

Pre-Series A

Riyadh

Pre-IPO

Richard Attias

Rakan Tarabzoni

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Investment in Startup

Future Investment Initiative Institute: Leading investments in technology. Explore their portfolio and funding activity on Lucidity Insights.

Future Investment Initiative Institute

Future Investment Initiative Institute is a not-for-profit foundation seeking to empower the ideas to materialize and scale sustainably.

Lilium

Aerospace

iyris

Agriculture

Agritech

AgTech

Climate Tech

iyris is dedicated to using technology to feed the world sustainably, focusing on innovative solutions to global food security and environmental challenges.

AZmed

Artificial Intelligence

Dogtooth Technologies

Timbeter

Apps

Interstellar Lab

Dubai

Seafood Souq

E-Commerce

Food Delivery

Seafood

Seafood Souq is a global technology company that offers the seafood industry an integrated digital ecosystem to trade, trace and finance seafood products.

Plant Squad

Ultim Technologies

UAE-based Seafood Souq, has raised $500,000 from The Future Investment Initiative (FII) Institute.

UAE's Seafood Souq secures $500,000 from FII

DUBAI  - Saudi Arabian agriculture technology startup Red Sea Farms on Monday said it had raised $10 million which it would use to develop commercial scale farming facilities and expand into neighbouring United Arab Emirates.

Red Sea Farms, established in 2018, grows tomatoes in an environment-controlled, enclosed farm that primarily uses saltwater to cool greenhouses and irrigate crops. Fresh water is sparsely available in the predominantly desert Gulf region where arable land is also scarce.

Red Sea Farms aims to have between four to eight farming sites across six hectares in central and western Saudi Arabia and in Abu Dhabi, the UAE's largest emirate, Co-Founder and Chief Executive Ryan Lefers told Reuters.

"We are looking to also (grow) snack peppers, snack cucumbers as part of this round to really keep that focus around fresh (and) healthy," he said.

The company plans to sell produce in UAE supermarkets. Its tomatoes are already available in Saudi supermarkets.

Red Sea Farms has trialed its technology using a pilot saltwater greenhouse in Saudi Arabia's west at the King Abdullah University for Science & Technology.

Investors included Saudi Aramco's entrepreneurship arm Wa'ed, the Future Investment Initiative Institute, the King Abdullah University for Science & Technology and Dubai-based venture capital firm Global Ventures, Red Sea Farms said.

Saudi startup Red Sea Farms raises $10mln to fund expansion

Future Investment Initiative Institute

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Future Investment Initiative Institute

Funding Deals, by Startup Growth Stage

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We Invest in Startups in the Following Stages

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