Tech-Powered Renewable Feedstock Platform Tagaddod Secures $26.3M Series A Funding
Tagaddod, a renewable feedstocks platform spanning Africa, Asia, and Europe, has raised $26.3 million in Series A funding to expand its waste-to-biofuel operations. The round was spearheaded by The Arab Energy Fund (TAEF), with participation from FMO, VKAV, and A15.
Operating through regional hubs in Egypt, Jordan, and the Netherlands, with growing operations in Saudi Arabia, Tagaddod has developed an innovative technology platform that transforms waste cooking oil and other renewable materials into feedstock for the biofuels and Sustainable Aviation Fuel (SAF) industries. The company’s proprietary system connects thousands of suppliers – from households to restaurants and food manufacturers – with global refineries and off-takers.
The fresh capital will fuel multiple strategic initiatives, including geographical expansion across existing and new markets, enhancement of AI-powered logistics and traceability systems, and increased operational capacity for certified renewable feedstock production.
“This investment represents a strategic alliance that will help us build the foundation for a cleaner energy future,” said Nour El Assal, Tagaddod’s co-founder and CEO. “TAEF’s regional expertise and sustainable development focus makes them an ideal partner for our scaling journey.”
The funding round saw strong support from existing investors, including FMO (the Dutch entrepreneurial development bank), pan-African venture capital firm VKAV, and MENA-based A15 Ventures. Several early investors also participated in the round, demonstrating continued confidence in the company’s vision.
Ahmed ElFarnawany, Tagaddod’s CFO, emphasized the company’s focus on sustainable growth: “Our partners understand that renewable feedstocks are crucial to the global energy transition. We’re building for long-term value and profitability.”
The investment comes at a critical time when global demand for biofuels and SAF is surging, driven by stringent climate regulations and airline industry mandates. Tagaddod’s platform addresses a crucial supply chain gap by connecting fragmented waste collection networks with industrial-scale demand.
TAEF’s Chief Investment Officer, Maheur Mourali, highlighted the strategic importance of the investment: “Tagaddod represents an opportunity to support a founder-led company in a crucial market segment. Their platform aligns with our goals of promoting sustainable infrastructure and alternative energy solutions in the region.”
Looking forward, Tagaddod will focus on strengthening its market presence, developing advanced digital solutions for supply chain transparency, and ensuring compliance with international sustainability standards. The company aims to establish itself as a key player in the global clean energy ecosystem through strategic partnerships and operational excellence.
