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Tagaddod Secures $263 Million in Series A Funding for Expansion

Tagaddod Secures $263 Million in Series A Funding for Expansion

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by Andrew Smith

2 hours ago

In a significant boost for the renewable energy sector, Egyptian cleantech startup Tagaddod has secured $263 million in a Series A funding round. The investment, led by The Arab Energy Fund (TAEF), marks a pivotal moment for the company as it aims to expand its operations across Africa, Asia, and Europe. According to analysts cited in the report, the outlook is promising.

Overview of Tagaddod

Founded in 2013, Tagaddod specializes in technology-driven solutions for renewable waste-based feedstocks. The company is committed to becoming a leading supplier of renewable feedstocks for the biofuels and Sustainable Aviation Fuel (SAF) industries.

Recent Funding Round

This latest funding round also attracted contributions from notable existing investors, including:

  • FMO
  • VKAV
  • A15 Ventures

Co-founders' Perspective

The co-founders of Tagaddod emphasized that this funding is not just a financial milestone but a recognition of their innovative approach. They believe it will enable the company to develop the essential infrastructure and technology needed to foster a cleaner energy future, aligning with global sustainability goals.

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