1. Pure Harvest Smart Farms

Total funding: $387 million
Technology-enabled agribusiness
Founders: Sky Kurtz, Mahmoud Adi, Robert Kupstas
Nationality: American, Emirati, American/Lithuanian
Investors: Metric Capital, IMM Investment, Olayan Group, Shorooq Partners, Abu Dhabi Investment Office (ADIO), ADQ, Franklin Templeton, Sancta Capital, SHUAA Capital, Wafra International Investment Company, 2040 Fund, Archer Private Investments, other institutional and individual investors
Headquarters: U.A.E.
Date of establishment: 2017

Pure Harvest designs, builds, and operates controlled-environment agriculture growing solutions to sustainably produce fruits and vegetables. It secured $180.5 million in convertible funding in June 2022, led by Metric Capital Partners, IMM Investment Corp, and the Olayan Group. The company operates in the U.A.E. and Saudi Arabia and is constructing projects in Kuwait and Singapore. In June 2022, the company formed an alliance with the Al Dahra Group, increasing the total operating capacity under its management to over 22 hectares. It sells to retailers, including Carrefour, Spinney’s, and Waitrose, and hotels and restaurants, such as the Four Seasons and the Hilton Group. It plans to expand across the GCC, Southeast Asia, and the Far East.