Ricult closed Pre-A round of 3.5m USD from Japanese and Swiss investors

Kittipop Trisinsomboon

May 20, 2021

Ricult Inc. announced that it has received $3.5 million in funding from Sojitz Corporation, elea Foundation for Ethics in Globalization

Ricult Inc. (“Ricult”), an AgriTech startup, has successfully concluded a Pre-Series A fundraising round which attracted the attention of Sojitz Corporation, one of the leading conglomerates from Japan, and elea Foundation, an impact investment firm from Switzerland. This is an additional investment to earlier investment from Bualuang Ventures Company Limited, a subsidiary of Bangkok Bank Public Company Limited, and Krungsri Finnovate Company Limited, a subsidiary of Bank of Ayudhya Public Company Limited. Ricult raised $3.5 million in this round, bringing the total amount raised to close to $6 million. With this investment, Ricult will use the funds to expand its presence in the Thai and Pakistan markets and further develop its products to be able to meet more diverse needs and meet the UN Sustainable Development Goals.