Tenderd’s AI-technology could end up being used by Aramco as it looks to reduce its environmental impact and hit its net zero target
Last year, COFE announced a partnership with the Saudi Coffee Company with a mandate to invest SAR1.2bn in the kingdom’s coffee sector by 2030
The funding round was co-led by venture capital firm Global Ventures and Wa’ed Ventures, the venture capital arm of Aramco
The funding round was led by Wa’ed Ventures, the venture capital arm of Aramco, and Phaistos Investment Fund, managed by 5G Ventures in Greece
The agtech company will use the funds for its global and regional expansion plans, including the expansion of its fresh produce business in the GCC
The two companies will coordinate and collaborate on finding, backing and mentoring founders as they launch and grow their ethically-focused startups