NoorNation closes $1.05 million seed round as Linah Farms becomes an investor
The Egyptian solar-and-water startup is expanding access to irrigation through a pay-per-use model.
A customer joins the shareholder base
NoorNation closed a $1.05 million seed round backed by Linah Farms, Catalyst Fund and KBW Ventures. Founder and CEO Ragy Ramadan announced the financing at a signing event on October 26, according to EnterpriseAM, which attended the event.
Linah Farms becomes an investor after working with NoorNation on agricultural pumping, a school energy system and a hotel solar installation. The relationship gives the startup a customer and commercial partner as it expands.
Solar irrigation without buying a whole system
NoorNation supplies LifeBox solar-powered systems for electricity, pumping and water treatment. It is developing a pay-per-use irrigation model for farmers who would otherwise rely on diesel pumps or face the upfront cost of purchasing solar equipment. Linah will also support financing for that model.
Use of funds
Expand solar irrigation and pay-per-use water infrastructure