Saudi Deep-Tech Food Startup ”Uvera” Closes Seed Funding Round Backed by Morgan Stanley and Aramco’s LAB7
Saudi-based "Uvera," a company specializing in deep-tech solutions for the fresh food sector, has announced the successful closing of its seed funding round. The round saw participation from Morgan Stanley Inclusive & Sustainable Ventures, LAB7 (the venture-building arm of Aramco), Core Vision, and several strategic angel investors.
Although the company did not disclose the financial value of the round, it stated that the new funding will be allocated toward expanding the commercial deployment of its solutions. It will also accelerate the development of its technology platform, which integrates food shelf-life extension technologies, blockchain-based traceability, and IoT-driven data analytics, with the ultimate goal of enhancing the efficiency of fresh food supply chains.
Uvera focuses on empowering producers, distributors, and retailers to preserve food quality for longer periods, minimize loss and waste, and optimize operational efficiency. This is achieved by providing end-to-end visibility across the supply chain, from initial production to retail outlets.
Enhancing Technical Infrastructure
The company explained that LAB7’s role will extend beyond mere financial investment. LAB7 will collaborate closely with Uvera to fortify the platform's technical infrastructure, boost its scalability, and improve data integrity, thereby supporting the advancement of traceability solutions, analytics, and supply chain intelligence.
Dr. Asrar Damdam, Founder and CEO of Uvera, stated that closing this funding round marks a significant milestone in the company's journey, reflecting profound investor confidence in its capability to tackle the global food waste challenge at scale.
She added that the company is building a technological infrastructure designed to create a more resilient and efficient food ecosystem. She emphasized that the new capital injection will enable Uvera to scale its solutions and reach a broader network of partners across the various stages of the food sector's value chain.
Uvera highlighted that approximately one-third of all food produced globally is either lost or wasted, resulting in massive economic losses worldwide. The company reaffirmed that its integrated tech platform aims to address this critical issue by extending the shelf life of fresh food products while providing comprehensive, real-time visibility into product movement across every stage of the supply chain.