UAE Agritech Pure Harvest Smart Farms Secures $180.5M to Fund Global Expansion
UAE-based agritech Pure Harvest Smart Farms has secured $180.5 million from global investors in what was pegged as the largest convertible financing in the MEASA region. Backers included Metric Capital Partners, IMM Investment Corp and the Olayan Group. The capital funds
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Pure Harvest Smart Farms uses controlled-environment and hydroponic technology to grow fruits and vegetables in harsh desert climates. The $180.5 million round, described as the largest convertible financing in the Middle East, Africa and South Asia region, drew Metric Capital Partners, Korea's IMM Investment Corp and Saudi-headquartered Olayan Group.