Lebanon's Garbaliser Nets $436,000 in Investment Round
Garbaliser will use the money to tap into the UAE market in 2024.
Lebanon-based agritech Garbaliser secured an investment worth $436,000 from Shark Tank Dubai for a 12% stake in the company.[1]
The company's liquid fertilizer, known for its ability to produce cleaner and higher-capacity crops compared to chemical alternatives, has garnered a customer base of over 400 in Lebanon's Baalbek area.
Having recently formed a strategic partnership in the UAE and received funding from Shark Tank Dubai, Garbaliser is poised to expand its operations into the UAE market this year, as part of its expansion plan to tap into more markets in the GCC.
The inception of Garbaliser dates back to 2020, when the Ismail sisters embarked on a mission to address Lebanon's escalating waste crisis amidst the challenges of the COVID-19 lockdown and economic turmoil. Their vision initially focused on creating a garbage disposal system but pivoted towards organic waste management and fertilizer production due to limited support and feasibility constraints.
Hanan Ismail and Zeinab Ismail developed a liquid fertilizer derived from organic waste optimized for efficient integration into irrigation systems.