Food Navigator
Apr 11, 2022
Alora (fka Agrisea) raises $1.4M seed round to create salt-tolerant floating farms
Image: Alora

Food Navigator reported ocean agriculture company Alora (SOSV IBSF09 2019) has raised a $1.4M seed round led by Toyota Ventures and Mistletoe Singapore. Founded under the name Agrisea in 2019, the newly rebranded startup Alora has developed a salt-tolerant growing agriculture technology built to expand food production beyond land masses and into salinated bodies of water.

Dedicated to developing salt-tolerant crops from rice to leafy greens, Alora founders say, “We’re running out of agricultural land, and fresh water is an increasingly precious commodity in many parts of the world. But one thing we’re not short of is sea water, which covers more than 70% of the earth’s surface.”