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Agtech Pioneer Pure Harvest Smart Farms Secures Usd 64.5 Million In Growth Capital To Expand In Menasa

Oct 27, 2021•almost 4 years ago

Amount Raised

$64.5 Million

Riyadh

Description

Pure Harvest Smart Farms (the “Company”), a leading sustainable technology-enabled agribusiness, today announced that it has secured US $64.5 million in growth capital to accelerate the Company’s expansion and technology development efforts. This latest financing round was led by Korea’s leading private investment firm IMM Investment Corp. (“IMM”), together with existing investors and management. The announcement was made on the sidelines of the Future Investment Initiative currently being held in Riyadh, Saudi Arabia.

Company Information

Company

Agtech Pioneer Pure Harvest Smart Farms

Location

Riyadh, Riyadh Region, Saudi Arabia

About

This is a landmark financing for Pure Harvest two reasons: first, IMM is one of Asia’s most respected and successful alternative investors, signaling the strength of our investment case; and second, the firm has been a longstanding investor in controlled-environment agriculture (CEA) through serial investments in Farm8 and PlanTFarm, leading Korean agribusiness and vertical farming ventures.

Funding Insights

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