B2B AGTECH DIGITAL PLATFORM right farm NETS $2.8M IN SEED FUNDING
UAE-based Agtech startup right farm has bagged $2.8M from investors to boost its technological capabilities.
After Field Sense and Glife, another B2B AgTech startup right farm nets a hefty amount of funding from prominent investors. The well-known investment platform-the Disrupt tech led the funding. In presence of other prominent participants like ADQ venture platform, and Enhance Venture.
right farm leveraging predictive technology aims to revolutionize the AgTech market. Commenting on funding and plans of expansion, the CEO and Co-founder of Right Farm said:
-“The investment from DisruptAD and Enhance Ventures will help accelerate our start-up journey and unlock access to ADQ’s growing food and agriculture portfolio. We have established product-market fit and are developing technology to modernize the fresh produce industry to ensure seamless customer experience while maximizing operational efficiency and enabling scale across markets. By closing this funding round, we are confident our business will capture further growth opportunities across different segments of the market as we build a sustainable and commercially viable business.”-
Comparatively young, the startup was founded by CEO Elie Skaf, COO Mazen Mourad, and CTO Mohammad Abu Ajamieh in 2021. Indubitably, startup is quite new in ever expanding market of AgTech reaching a value of USD $32.50 billion in 2027.
In fact, in the last two years, the Agtech market has grown because of budding startups surfacing with new ideas. Thus, bringing innovation in the field of agriculture with the inculcation of technology. As is done by right farm which harnesses power of predictive technology to address the gaps in fresh produce value chain in UAE and MENAPT region.
Furthermore, startup via its innovative technology wants to optimize the sourcing and procurement of fresh produce for businesses. In short, it is a one-stop-shop that facilitates routing, operations, and purchasing to provide a seamless experience to its users. The AgTech provides access to more than 1,000 fruits, vegetables, and microgreens allowing businesses to place orders and receive delivery within 12 hours.
With a mission to transform the agriculture business the startup has aggregated the local as well as global supply of food. It is also addressing food security by increasing operational and financial efficiencies. For this, the startup is working on its technology and plans to use funds for development of its technology.