Pure Harvest creates joint venture with Korean PlanTFarm, securing $ 64.5 million in funding

UAE-based AgriTech startup Pure Harvest Smart Farms has entered into a joint venture partnership with Korea’s PlanTFarm, a vertical farming solutions provider and part of IMM Investment’s portfolio which has invested part of the 64, Recent $ 5 million in growth capital alongside existing investors.

PlanTFarm is one of the world’s largest and most innovative vertical farming solution providers. This pioneering smart farming technology partnership between the two companies enables Pure Harvest Smart Farms to serve as a provider of environmentally controlled ‘omnibus’ solutions, adding new Environment Controlled Agriculture (CEA) cultivation systems to its business. existing portfolio, ranging from integrated systems to retailers. store farms in large-scale warehouse-style indoor vertical farms, and add more than 100 commercially proven crops.

Fueled by this recent and much needed growth capital and new partnership, Pure Harvest founder and CEO Sky Kurtz has developed. “IMM will bring tremendous value by supporting our expansion in Asia. Most importantly, we share the same values ​​and vision to build a more resilient and sustainable food system for the world, meet the challenges of food security and locate food production anywhere, even in the most climatic environments. difficult.

Upon completion of its ongoing projects, Pure Harvest will operate over 18 hectares of production capacity across multiple crops and employ over 300 people. UAE-based Agritech plans to channel its newly acquired funds into developing its technology and R&D efforts, further develop its team and support its expansion in the MENASA region.

Today, Pure Harvest operates three farms in the United Arab Emirates with the fourth and fifth projects under development in the Kingdom of Saudi Arabia and Kuwait, respectively. It currently grows a variety of crops including tomatoes, leafy greens and strawberries, and is increasingly recognized as a trusted fresh produce brand, recognized as the local CCG CEA Champion.

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