Pure Harvest Smart Farms, an Abu Dhabi, UAE-based sustainable technology-enabled agribusiness, raised USD $180.5m in growth funding.
Backers included Metric Capital Partners, UK, IMM Investment Corp, Korea, and Olayan Group, KSA, joined by several existing investors and management.
The company will utilize the capital, together with various forms of debt financing, to invest in research and development, to expand its footprint across the GCC, and to open new markets in Asia.
Led by Sky Kurtz, Co-Founder and CEO, Pure Harvest Smart Farms is a regional innovator in sustainable agriculture focused on the production of greenhouse fruits and vegetables in the challenging climates of the Arab Gulf region using Dutch greenhouse growing technologies. The company specializes in vine vegetable crops (tomatoes, capsicum, cucumbers, eggplants, strawberries, etc.).
FinSMEs