Pure Harvest Smart Farms, a Abu Dhabi, UAE-based arid climate agri-company, raised $4.5m in seed funding.
Backers included Shorooq Investments, the company’s technology partners, and a consortium of angel investors from around the world (David Scott, Sultan bin Khalid, Magnus Olsson, Hazem Abu Khalaf, Jim Finnigan, Peter Satow, Abdulrahman Kaki, Anmol Budhraja, Charles Anderson, Florian Weidinger, Douglas Kelbaugh FAIA, Mohammed Khudairi, Troels Andersen, Husam Al Zubair, Muhammed Al Zubair, Bina Khan, James Joy, Edmund Ang, and Theodore Cleary.
The round followed an earlier $1.1m pre-seed round led by Shorooq Investments.
The company will use the proceeds for the construction of its high-tech, fully climate controlled greenhouse facility in Nahel, United Arab Emirates.
Led by Sky Kurtz, Co-Founder & CEO, Pure Harvest Smart Farms focuses on the production of fruits & vegetables in the extreme climates of the Arab Gulf region, using high-tech, climate controlled greenhouse production technology to deliver vine crops (tomatoes, capsicum, strawberries, cucumbers, eggplants, etc.).
The company expects to complete the above mentioned facility by mid-year and to begin selling its products in the second half of 2018. Following the demonstration of its technology and its ability to serve the demand for fresh local produce, Pure Harvest intends to quickly expand in the region.
FinSMEs
17/11/2017