OIA Announces Support for Tidal Vision in $140 Million Series B Funding Round
- OIA Invests in US Company to Support Biotechnology and Bio-Polymers
- Investment Part of $140 Million Series B Funding Round
- Tidal Vision Aims to Expand Operations in Europe with New Funding
In a strategic move aligning with its vision for innovation and sustainability, the Omani Investment Authority (OIA)—Oman’s sovereign wealth fund—has invested in Tidal Vision, a US-based company specializing in biotechnology and bio-polymers.
This investment is part of Tidal Vision’s Series B funding round, which raised $140 million, with OIA being one of the key investors.
Notably, OIA’s total assets exceeded $49 billion in 2023, reinforcing its position as a major global investment player.
Tidal Vision aims to expand its global footprint by establishing new infrastructure in Europe and setting up production facilities in Texas and Ohio, USA, thereby scaling up its innovative bio-based solutions.
The Omani Investment Authority emphasized that this investment aligns with its strategy of supporting sustainable innovations that enhance local product localization and industrial development, contributing to long-term economic growth in Oman.
Tidal Vision provides advanced solutions for industries such as water treatment, agriculture, and material sciences.
The company utilizes Chitosan, a natural polymer derived from shrimp and crab shells, as an eco-friendly alternative to traditional chemicals.
This investment underscores OIA’s commitment to supporting projects that merge innovation with sustainability, fostering economic diversification and industrial growth in the Sultanate of Oman
