Tech Company Financing Transactions
Terraxy Funding Round
Terraxy, operating out of Thuwal, Makkah, secured $3 million in investment from Wa'ed Ventures and KAUST Innovation Ventures.
Transaction Overview
Company Name
Announced On
6/23/2026
Transaction Type
Venture Equity
Amount
$3,000,000
Round
Seed
Investors
Wa'ed Ventures (Lead Investor)
Proceeds Purpose
The company intends to use the funds to transition from pilot-scale operations to full industrial manufacturing, support nationwide commercialization, and establish a new 30,000-square-meter commercial production facility in Al Zulfi.
Company Information
Company Status
Private & Independent
Industry
Environmental
Mailing Address
King Abdullah University of Science and Technology (KAUST),
Thuwal, Makkah, Undisclosed
Saudi Arabia
Thuwal, Makkah, Undisclosed
Saudi Arabia
Phone
Website
Email Address
Overview
Terraxy is on a mission to create sustainable soil fertility that lasts. Terraxy is a spin-off from King Abdullah University of Science and Technology (KAUST). Founded in 2023, by Caltech-PhD and KAUST professor, Himanshu Mishra, and his former PhD student, Adair Gallo. After several years of R&D at KAUST, the duo gathered forces with other team members to start the company. Over a short period, Terraxy has achieved several important milestones that have unlocked the potential of long-term soil amendments for arid regions. Terraxy is now scaling up its technologies to contribute to the Vision of transformation in Saudi Arabia.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Himanshu Mishra
Chief Executive Officer
Adair Gallo
General Manager
Batool Albar
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