{"id":86748,"date":"2024-06-02T00:00:00","date_gmt":"2024-06-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/"},"modified":"2024-06-02T00:00:00","modified_gmt":"2024-06-02T00:00:00","slug":"iyris-closed-usd-16-mn-in-a-series-a-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/","title":{"rendered":"Iyris closed USD 16 mn in a series A round"},"content":{"rendered":"

Saudi-based <\/strong>agritech startup Iyris<\/a><\/strong> (formerly RedSea) raised USD 16 mn in a Series A <\/strong>round<\/strong> led by San Francisco\u2019s Ecosystem Integrity Fund (EIF)<\/a> with participation from existing and new investors including Global Ventures, Dubai Future District Fund, Kanoo Ventures, Globivest, and Bonaventure Capital, according to a press release<\/a>. Iyris has international operations in the UAE, Egypt, Morocco, Spain, Portugal, Mexico and North America. <\/p>\n

What we don\u2019t know:<\/strong> Information about the equity size the shareholders will have to give up in return for the investment, and the structure of the investment wasn\u2019t disclosed. It\u2019s also unclear how much each institution invested in the round. <\/p>\n

Use of proceeds: <\/strong>The freshly raised funds will go towards increasing the company\u2019s sales coverage and international sales pipeline for its SecondSky<\/a> greenhouse covers and shade nets. This is in addition to developing the agritech firm\u2019s heat blocking products and its hybridized plant genetics. <\/p>\n

The pitch: <\/strong>\u201cIyris\u2019 suite of products is tailored for growers in harsh and volatile conditions, who have historically been underserved by AgriClimate Tech innovation. These growers, who often operate on thin margins, have few options to better manage their farms to reduce the risk of crop loss, increase yields, and reduce water and energy consumption,\u201d said Sasha Brown, a partner at EIF. <\/p>\n

By the numbers:<\/strong> Iyris claims that its products can save energy and water consumption by up to 90% in its target markets with \u201cthe transparent heat-blocking greenhouse roof - alone - has delivered reductions in energy usage by over 40% and water consumption by 30% at customer installations.\u201d <\/p>\n

ADVISORS- <\/strong>Kirchner Group<\/a> and King & Spalding<\/a> advised Iyris on the transaction.<\/p>\n

\n

AANAAB GETS INVESTMENT FROM RETHINK-<\/p>\n

ALSO- Saudi-based edtech <\/strong>Aanaab<\/a><\/strong> secured an undisclosed investment from US-based <\/strong>edtech venture capital <\/strong>Rethink Education<\/a><\/strong> to help provide training solutions to school teachers and professionals, according to a statement<\/a>. This investment makes Aanaab the first Saudi-based edtech company to receive funding from an international edtech VC fund and one of the few in the MENA region, according to the statement.<\/p>\n

About the platform: <\/strong>Anaab is a digital training platform that advances the professional development of K\u201312 teachers through courses, licensing, and qualifications, predominantly in Arabic. It currently has over 200k teachers and 250 schools across 10 countries in the Mena region.<\/p>\n","protected":false},"excerpt":{"rendered":"

Plus: Saudi edtech outfit Aanaab has landed an investment from US education venture capital outfit Rethink Education<\/p>\n","protected":false},"author":1,"featured_media":86749,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2556],"tags":[2109,2108,2497,10,2107,2110,179],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-aanaab","tag-agritech","tag-education","tag-enterpriseam-ksa","tag-iyris","tag-rethink-education","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"3c2d46d1-aeb4-4ce9-a3c0-f16ce0a6f266","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/62.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Agritech startup Iyris closed USD 16 mn in a series A round","related_issue":[86733],"teaser":"Plus: Saudi edtech outfit Aanaab has landed an investment from US education venture capital outfit Rethink Education","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.877e4825-926f-4805-8404-41f40baec1ac.mp3"},"yoast_head":"\nIyris closed USD 16 mn in a series A round - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iyris closed USD 16 mn in a series A round\" \/>\n<meta property=\"og:description\" content=\"Plus: Saudi edtech outfit Aanaab has landed an investment from US education venture capital outfit Rethink Education\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-02T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/62.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Iyris closed USD 16 mn in a series A round\",\"datePublished\":\"2024-06-02T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/\"},\"wordCount\":383,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/62.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Aanaab\",\"Agritech\",\"Education\",\"EnterpriseAM KSA\",\"Iyris\",\"Rethink Education\",\"STARTUP WATCH\"],\"articleSection\":[\"STARTUP WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/\",\"name\":\"Iyris closed USD 16 mn in a series A round - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/62.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-06-02T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/62.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/62.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Iyris closed USD 16 mn in a series A round\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Iyris closed USD 16 mn in a series A round - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/","og_locale":"en_US","og_type":"article","og_title":"Iyris closed USD 16 mn in a series A round","og_description":"Plus: Saudi edtech outfit Aanaab has landed an investment from US education venture capital outfit Rethink Education","og_url":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/","og_site_name":"KSA","article_published_time":"2024-06-02T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/62.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Iyris closed USD 16 mn in a series A round","datePublished":"2024-06-02T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/"},"wordCount":383,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/62.jpg?fit=%2C&ssl=1","keywords":["Aanaab","Agritech","Education","EnterpriseAM KSA","Iyris","Rethink Education","STARTUP WATCH"],"articleSection":["STARTUP WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/","url":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/","name":"Iyris closed USD 16 mn in a series A round - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/62.jpg?fit=%2C&ssl=1","datePublished":"2024-06-02T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/62.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/62.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/02\/iyris-closed-usd-16-mn-in-a-series-a-round\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Iyris closed USD 16 mn in a series A round"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/62.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/62.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/62.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/86748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=86748"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/86748\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/86733"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/86749"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=86748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=86748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=86748"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=86748"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=86748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}