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Pure Harvest Smart Farms Secures Usd $180.5 Million From Global Investors To Fund Expansion

Jun 30, 2022about 3 years ago

Amount Raised

$181 Million

Abu Dhabi

Description

Pure Harvest Smart Farms (Pure Harvest), a world-leading, sustainable technology-enabled agribusiness headquartered in the United Arab Emirates, raised USD $180.5 million in their latest growth funding round. The financing was embraced by a consortium of key global investors, including 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.

Company Information

Company

Pure Harvest Smart Farms

Location

Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates

About

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. The company is also investigating a number of new growth initiatives, including product extensions and water-efficient CEA solutions for fodder production.

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