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Phytech Raises $23.5 Million in Growth Funding From THL Automation Fund and Existing Anchor Investors

Sep 22, 2020•almost 5 years ago

Amount Raised

$23 Million

BostonFinancial ServicesSoftware

Description

Phytech Ltd. (“Phytech” or the “Company”), a digital farming automation and data provider, and Thomas H. Lee Partners, L.P. ("THL"), a premier private equity firm investing in growth companies, today announced the closing of a new round of growth investment

Company Information

Company

THL

Location

Boston, Massachusetts, United States

About

THL is a premier private equity firm investing in middle-market growth companies exclusively within three sectors: Healthcare, Financial Technology & Services, and Technology & Business Solutions. THL couples deep sector expertise through an Identified Sector Opportunity process with dedicated internal operating resources from its Strategic Resource Group to transform and build great companies of lasting value in partnership with management. The Firm’s domain expertise and resources help to build great companies with an aim to accelerate growth, improve operations and drive long-term sustainable value. Since 1974, THL has raised more than $35 billion of equity capital, invested in over 170 companies and completed more than 600 add-on acquisitions.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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