Terraxy, a Thuwal, Saudi Arabia-based developer of desert greening and soil-regeneration technologies, raised $3m in a Seed-2 funding round.
The round was led by Wa’ed Ventures (the venture capital arm of Aramco), with participation from King Abdullah University of Science and Technology (KAUST).
>> In Other News: re.green and Novo Nordisk Announce Long-term Amazon Restoration Agreement
The company intends to use the funds to transition from pilot-scale operations to full industrial manufacturing, support nationwide commercialization, and establish a new 30,000-square-meter commercial production facility in Al Zulfi.
Led by Co-founder Professor Himanshu Mishra, Terraxy develops “Carbosoil,” a proprietary bio-charcoal-based soil enhancer engineered to structurally upgrade sandy terrain, boost long-term plant growth by up to 70 percent, and sequester carbon dioxide durably for centuries.
The company officially spun out as a deep-tech research initiative from KAUST, validated its environmental technology layers within the Ministry of Environment, Water and Agriculture’s (MEWA) Regulatory Sandbox, and aligned its deployment tracks with the national carbon credit economy and the Saudi Green Initiative.
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