Monday, 11 April 2022

#UAE agtech Right Farm raises $2.8 million from investors | Reuters

UAE agtech Right Farm raises $2.8 million from investors | Reuters

Right Farm, a United Arab Emirates agriculture technology firm, said on Monday it raised $2.8 million from investors including Abu Dhabi state holding company ADQ's venture platform.

The company is a business to business digital platform which sources fresh produce from local and international farms for the food and retail sector.

Right Farm said in a statement that the funding round was led by DisruptAD, ADQ's venture platform, and Enhance Ventures, a venture builder for the Middle East, North Africa, Pakistan, and Turkey market.

The company said the proceeds will be used to support the firm's technology development and growth plans.

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