Investors including AppHarvest have added $6m to the $10m the saltwater farming technology developer raised in a Wa'ed-backed close in June.

Saudi Arabia-based farming technology developer Red Sea Farms secured $16m in pre-series A funding yesterday from investors including oil and gas provider Saudi Aramco’s Wa’ed vehicle and farming network AppHarvest.

Wa’ed, the Saudi government’s Future Investment Initiative, King Abdullah University of Science and Technology (Kaust) and Global Ventures provided $10m for the round in June this year before AppHarvest and Bonaventure added the other $6m.

Spun out of Kaust in 2018, Red Sea is developing saltwater-based agriculture products that…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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