UAE-based agrifintech, Maalexi, secured a $3 million debt finance facility from Citi to enhance its cross-bord ..Read More

UAE-based agrifintech, Maalexi, secured a $3 million debt finance facility from Citi to enhance its cross-border trade platform for small food and agribusinesses. Founded in 2021 by Azam Pasha and Rohit Majhi, Maalexi aims to expand its sourcing operations with this funding. Previously, in July, the company raised a $1 million venture debt from Stride Ventures to strengthen its technology-enabled supply chain.
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• Agri-tech
• Fintech

Saudi Arabia-based agritech, Arable successfully closed a $2.55 million (SAR 9.75 million) Seed funding round, ..Read More

Saudi Arabia-based agritech, Arable successfully closed a $2.55 million (SAR 9.75 million) Seed funding round, with 90% of the capital sourced from foreign investors. The round included contributions from institutional and private investors, with the funds directed toward advancing hydroponic farming in Saudi Arabia. Co-founded in 2024 by Lawrence Ong and Christina Khalife, along with Executive Partners Marc and Anthony Eid, Arable develops cost-effective, locally adapted hydroponic farms to support sustainable vegetable production in the desert climate.
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• Agri-tech

Egypt-based agritech ReNile secured $0.45M in investment from undisclosed investors. Founded in 2017 by Hazem ..Read More

Egypt-based agritech ReNile secured $0.45M in investment from undisclosed investors. Founded in 2017 by Hazem Eltawab, ReNile offers a full-stack solution for farmers, including monitoring systems, emergency alerts, control tools, and analytics for best farming practices through its online platform.
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• Agri-tech