Terraxy Secures $3 Million for Soil Regeneration Technology in Saudi Arabia
Terraxy has raised $3 million to advance its soil regeneration technology, Carbosoil, aimed at improving agriculture in Saudi Arabia. This funding supports industrial production and the establishment of a 30,000-square-meter facility in Al Zulfi, enhancing the Kingdom's sustainability efforts and addressing land degradation.
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Terraxy, a spinout from KAUST, raised $3 million in a Seed-2 funding round led by Wa'ed Ventures, with participation from KAUST. The investment will facilitate the transition to industrial-scale operations and the establishment of a 30,000-square-meter commercial facility in Al Zulfi, Saudi Arabia.
Terraxy's Carbosoil enhances plant growth by up to 70% using the same water and nutrient inputs, addressing challenges in sandy soils. Furthermore, it provides a long-term carbon storage solution. The company has successfully navigated the MEWA Regulatory Sandbox, validating its technology in real-world conditions. This initiative aligns with Saudi Arabia's Vision 2030 goals, highlighting the importance of innovation in achieving national sustainability objectives.
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