Agri-fintech Maalexi secures $2.8 million to develop digital agricultural exchange

UAE-based agri-fintech startup Maalexi has secured $2.8 million in an oversubscribed funding round led by Saudi-listed insurer Tawuniya, with participation from returning backer Global Ventures and strategic angel investors. The company, which operates a risk-native agricultural supply chain platform headquartered in Riyadh and Abu Dhabi, will use these funds to accelerate the development of its regulated agricultural exchange, MAATEX, aiming to revolutionize global agri-trade with a digital platform. This fresh investment brings Maalexi’s total funding to approximately $8 million, backed by a diverse group of venture capitalists and equity-free grants from Hub71 and Avalanche, signaling strong regional confidence in its tokenized agricultural exchange model ahead of its planned Series A round.