Pure Harvest Smart Farms (“Pure Harvest”), sustainable technology-enabled agribusiness headquartered in the United Arab Emirates, raised USD $180.5 million in their latest funding round.
The oversubscribed funding round was led by existing investors including South Korea’s IMM Investment, the UK’s Metric Capital Partners and Saudi Arabia’s Olayan Group, as well as other 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
Founded in 2017, Pure Harvest operates four indoor temperature-controlled farms in the UAE, one in Saudi Arabia and another under development in Kuwait.
Citigroup served as exclusive financial advisor to Pure Harvest.
Pure Harvest legal team was led by general counsel Anil Mehta (pictured)