Red Sea Farms
Country: Saudi Arabia
Date of establishment: 2018
Founders: Ryan Lefers, Mark Tester, Derya Baran
Agri-tech startup Red Sea Farms helps commercial farming to produce food using primarily salt water and sunlight. The company’s system helps reduce freshwater consumption by up to 90%. In August 2021, the startup secured $6 million in funding, bringing its pre-Series A round to $16 million so far, and total funding to $18 million. It now plans to accelerate its expansion plans in Saudi Arabia, as well as exploring growth opportunities in North America.
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