Sativus Tech Corporations subsidiary, Saffron Tech, has raised $1.3 million through crowdfunding to continue R&D and execute its go-to-market strategy. Saffron Tech aims to produce a consistent, pure, high-grade, and large-scale supply of saffron for health, wellness, and beauty industries using proprietary indoor vertical farming technology. Saffron Tech’s valuation is now $11 million and Sativus Tech’s interest in the company is 70%. Saffron’s medicinal properties are being used in pharmaceutical and nutraceutical applications for conditions such as ADHD and anxiety.
Sativus Tech Corporations subsidiary, Saffron Tech, a private Israeli company, has raised $1.3 million in additional funding through a recent crowdfunding campaign. Saffron Tech uses proprietary technology to grow saffron and will use the funds to continue its R&D program and execute its go-to-market strategy. 650 new investors participated in the crowdfunding campaign, expanding Saffron Tech’s shareholder community and resulting in a post-raise valuation of $11 million.
Sativus Tech’s interest in Saffron Tech now totals 70% post-raise. Saffron Techs CEO, Tal Wilk-Glazer, stated that this latest equity raise reflects the confidence investors have in Saffron Tech’s abilities and its business plan. They are now well-positioned to accelerate their R&D program and execute their market entry. The company aims to produce a consistent, pure, high-grade, and large-scale supply of saffron for health, wellness, and beauty industries. Saffron is known for its anti-anxiety, antidepressant, and antioxidant properties. Saffron Tech recently appointed Estee Rosen, former CEO of Novartis Israel, as Partnership Lead in the health-beauty-wellness industry.
Sativus Tech Corp is an AgTech company that uses its advanced vertical farming technology to increase the production of low-yield food products in the global marketplace. Sativus Tech focuses on research, development, and commercialization of agricultural products that are high in demand but scarce in supply. Reliable production of these highly coveted food products are used in various applications like pharmaceutical, nutraceutical, culinary, beauty, health, and wellness industries. Sativus Tech Corp’s technology offers a responsible and sustainable way to grow crops in a world confronted with environmental challenges such as dwindling earth reserves, diminishing water sources, and unstable weather conditions.
Saffron Tech, a subsidiary of Sativus Tech Corp, is revolutionizing the agricultural technology industry by developing methods for growing saffron in indoor vertical farms. They are also increasing the production of spice by increasing the number of annual harvests. The pharmaceutical industry is now focusing more attention on the medicinal properties of saffron, which are being used in pharmaceutical and nutraceutical applications for conditions such as ADHD and anxiety.
Image provided by Artem Meletov