UAE AgriTech start-up Produze raises $2.6m in funding round – The National
- Date: 09-Aug-2022
- Source: The National
- Sector:Technology
- Country:UAE
UAE AgriTech start-up Produze raises $2.6m in funding round – The National
Produze, a UAE-based agricultural technology start-up, raised $2.6 million in a seed funding round that it will use to expand its operations and promote food security in the Middle East.
The funding round was led by California-based private equity company Accel, which is best known for being among the first investors in social media platform Facebook and music streaming service Spotify, with the participation of Indian-based venture capital company All In Capital and other investors, the company said on Tuesday.
Produze aims to use technology to address the challenges of the agricultural supply chain by connecting farmers with international retailers, removing barriers to help trade flourish and provide competitive prices to consumers, said co-founder and chief executive Ben Mathew.
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