Saudi Deeptech Startup Terraxy Raises $3 Million for Soil Technology
The Wa'ed Ventures-backed company is scaling its desert regeneration and carbon capture solutions.
Saudi deeptech startup Terraxy has raised $3 million in a Seed-2 funding round led by Wa'ed Ventures, with participation from King Abdullah University of Science and Technology (KAUST), as it moves to commercialise technology designed to regenerate degraded soils and capture carbon.
Born out of research conducted at KAUST, the company is now scaling up industrial production through a 30,000-square-metre facility in Zulfi. The funding will support manufacturing expansion and wider deployment of its technology across agriculture, arid landscapes and carbon capture applications.
Terraxy's flagship product, CarboSoil, is designed to improve water and nutrient retention in sandy soils. According to the company, the material can increase plant growth and productivity by as much as 70% without requiring additional water or nutrients, while also storing carbon dioxide in soil for centuries.
The startup has also participated in the Ministry of Environment, Water and Agriculture's Regulatory Sandbox, which allows emerging environmental technologies to be tested under real-world conditions.
The company comes as Saudi Arabia accelerates land restoration efforts under the Saudi Green Initiative and Vision 2030. Ahmad Al-Khowaiter, Aramco's Executive Vice President of Technology and Innovation and Chairman of Wa'ed Ventures' Investment Committee, described Terraxy's approach as addressing both land degradation and decarbonisation.
