Pure Harvest Smart Farms

Lead: Sancta Capital

Investors: Sancta Capital

January 2021 'second growth equity raise of US$10 million, led by Sancta Capital', disclosed within the March 2021 sukuk announcement (company: '$60 million in growth funding' in 2021 = $10M equity + $50M sukuk). No separate label given. Also: https://www.wamda.com/2021/03/pure-harvest-announces-sukuk-funding-raises-60-million-year https://www.businesswire.com/news/home/20210315005457/en/Pure-Harvest-Smart-Farms-Secures-US%2460-Million-in-Growth-Funding-to-Support-Regional-Expansion Confidence: confirmed (round 13, SHUAA Capital).

Investors: Metric Capital Partners, IMM Investment Corp, Olayan Group

Company's own term: "convertible". Investors: Metric Capital Partners, IMM Investment Corp, Olayan Group.

Lead: IMM Investment Corp

Investors: IMM Investment Corp, Franklin Templeton, Wafra International Investment Company, SHUAA Capital, Sancta Capital, Archer Private Investments, 2040 Fund, Shorooq Partners, Management and early angels

'Growth capital' round: IMM committed $50M, existing investors, management and early angels over $7M. Company: total raised to date $271.6M. Paired with a PlanTFarm JV. Also: https://agfundernews.com/pure-harvest-nets-65m-to-fund-asia-expansion-enters-south-korean-jv https://aiph.org/floraculture/news/pure-harvest-smart-farms-secures-usd-64-5-million-in-growth-capital-to-expand-in-middle-east-north-africa-and-south-asia/ Confidence: confirmed (round 13, Wamda).

Lead: SHUAA Capital

Investors: SHUAA Capital, Franklin Templeton, Sancta Capital

Structured sukuk with embedded warrants (venture debt from capital markets, first of its kind in the region); cornerstone investors Franklin Templeton and Sancta Capital per SHUAA. Wamda: total raised to date 'over $200 million' including the Wafra commitment. Also: https://www.wamda.com/2021/03/pure-harvest-announces-sukuk-funding-raises-60-million-year https://www.arabnews.com/node/1825621/business-economy https://gulfnews.com/business/markets/abu-dhabi-agritech-firm-pure-harvest-pulls-in-50m-via-sukuk-1.1615785595538 https://www.cnbc.com/2021/03/16/middle-east-start-up-that-grows-food-in-the-desert-raises-60-million-in-funding.html Confidence: confirmed (round 13, SHUAA Capital).

Lead: Wafra International Investment Company

Investors: Wafra International Investment Company, Shorooq Partners, Mohammed Bin Rashid Innovation Fund

Wafra put $10M into the $20.6M Series A as the first stage of a multi-stage commitment 'valued at over $100M', with later tranches contingent on expansion milestones (Saudi, Kuwait). Wamda in March 2021 refers to a '$46.5 million multi-stage commitment' for Saudi/Kuwait — the later Wafra tranches were never announced as separate rounds. MENAbytes: total raised 'over $28 million' after this. Also: https://www.wamda.com/2020/04/pure-harvest-secures-100-million-multi-stage-commitment-wafra https://www.menabytes.com/pure-harvest-100m/ https://techcrunch.com/2020/04/05/kuwaiti-investment-company-commits-up-to-100-million-to-startup-battlefield-alum-pure-harvest/ https://globalaginvesting.com/pure-harvest-secures-100m-commitment-wafra-largest-agtech-investment-menapt-region/ Confidence: confirmed (round 13, Business Wire (company press release)).

Investors: Existing investors, Founders, Senior management

Company called it 'growth equity financing', 'first phase of a $20m expansion round' (which became the 2020 Series A); oversubscribed. Wamda: total raised to date $7.55M after this. Also: https://www.zawya.com/en/press-release/pure-harvest-smart-farms-raises-175mln-to-invest-in-new-technologies-and-to-seed-its-expansion-into-saudi-rucntkm6 https://www.thenationalnews.com/business/technology/abu-dhabi-agri-tech-start-up-pure-harvest-raises-1-75m-1.911799 Confidence: confirmed (round 13, Wamda).