Saffron Tech Ltd is a subsidiary of Sativus Tech Corp (OTC: SATT) that is developing proprietary protocols to grow saffron in indoor vertical farms and multiply the number of annual harvests. Its core product is a growth protocol and associated manufacturing approach aimed at enabling large-scale saffron production for use in beauty, wellness, nutraceutical and pharmaceutical markets. The company says the new protocol would address declining traditional saffron yields, citing a more than 60% reduction in production in Pampore, India over the past 20 years. Saffron Tech plans to commercialize the technology by establishing manufacturing structures and obtaining intellectual property protection around its growth protocol. The recent investment is intended to complete R&D initiatives and secure the proper IP patents needed for commercialization. The company is pursuing cultivation in new markets including Korea as part of its expansion plans. Saffron Tech develops protocols to grow saffron in indoor vertical farms and to increase the number of annual harvests using proprietary technology. The company aims to produce a consistent, pure, high‑grade, large‑scale supply of saffron for health, wellness, beauty, pharmaceutical, nutraceutical, and culinary applications. Recent harvests grown in its proprietary indoor vertical farms showed promising results. The company has appointed Estee Rosen as Partnership Lead for health‑beauty‑wellness industries to support commercialization. Saffron Tech will use new funding to finalize its growing protocol, continue R&D, and execute its go‑to‑market strategy. The subsidiary is majority‑owned by Sativus Tech Corp and operates as part of its broader AgTech efforts. Saffron-Tech is rolling out a proof of concept for fully automated, remotely managed indoor growing containers designed to produce high-quality, high-yield saffron year round. The system uses controlled-environment techniques informed by plant biology to optimize each development stage and is pre-designed for rapid scalability. The company emphasizes sustainability through a "Grow Next to Consumer" model, reduced water/energy/fertilizer use, elimination of pesticides, and higher yields (company estimates up to ten times traditional land yield). Saffron-Tech has signed commercial and research agreements with Growin Ltd (exclusive rights to market and commercialize based on Growin’s hydroponic machines) and the Volcani Center (to assist with growing protocols, robotics, and AI). Since incorporation the subsidiary has hired one employee and several consultants to commence the proof-of-concept rollout. Financially, Seedo reported $775,000 raised via convertible promissory notes and Saffron-Tech announced an intention to raise up to NIS 5 million (~$1.6M) via crowdfunding at a NIS 20 million (~$6.225M) pre-money valuation.

Total raised

$4M

Funding rounds

3

Latest round

Equity

Latest activity

Mar 2023