Sativus Tech Corp’s subsidiary, Saffron Tech Ltd, announced it has raised $1.3 million in additional funding from its recent crowdfunding campaign.
Approximately 650 new investors participated in the crowdfunding, expanding Saffron Tech’s shareholder community. Sativus Tech’s interest in Saffron Tech now totals 70% post-raise.
“This latest equity raise reflects the confidence investors have in Saffron Tech’s abilities and its business plan,” says Tal Wilk-Glazer, CEO of Sativus Tech. “We are now well-positioned to accelerate our R&D program and execute our market entry.”
Saffron Tech continues to achieve new milestones as it advances its mission to cultivate crocus sativus and create commercial quantities of saffron. The company recently appointed Estee Rosen, former CEO of Novartis Israel, as Partnership Lead in the health-beauty-wellness industries. The company also recently reported promising results in its latest harvest of saffron grown in its proprietary indoor vertical farms.
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