Saudi Arabia-based deeptech Terraxy has raised $3 million in a Seed funding round led by Wa'ed Ventures, the venture capital arm of Aramco, with participation from King Abdullah University of Science and Technology (KAUST), to scale its soil regeneration and carbon storage technologies.
Founded in 2023 by Himanshu Mishra and Dr Adair Gallo as a spinout from KAUST, Terraxy develops Carbosoil, a proprietary soil enhancer designed for arid environments that improves water and nutrient retention and can increase plant growth and yields by up to 70% using the same amount of water and nutrients.
The company plans to use the new funding to transition from pilot-scale production to industrial deployment, including the development of a 30,000-square-metre commercial facility in Al Zulfi, Saudi Arabia, to support large-scale greening and land rehabilitation projects.
Press release:
Terraxy, a Saudi deeptech startup spun out of King Abdullah University of Science and Technology (KAUST), has raised $3 million in a Seed-2 funding round led by Wa'ed Ventures, the venture capital arm of Aramco, with participation from KAUST.
