Pure Harvest to IPO

Pure Harvest to IPO

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  • Pure Harvest, a UAE-based pioneer in controlled environment agriculture, is eyeing global expansion as it targets an IPO by 2027 or 2028. CEO Sky Kurtz envisions opportunities in the USA's Sun Belt and Mexico, alongside near-term projects in Morocco and Singapore. Founded in 2017 with the ambitious goal of “growing tomatoes in the desert,” the company has since diversified into greens, berries, and value-added products like sauces and jams. Currently operating in the UAE, Saudi Arabia, Kuwait, and Oman, Pure Harvest produces 15 million kilograms of produce annually and is in the midst of a $100 million fundraising round, its last major capital raise before a potential IPO or sale.

  • Expansion plans include farming in Morocco, leveraging its similarities to California for low-cost, sustainable production with a reduced carbon footprint. In Singapore, Pure Harvest is collaborating with the government on a proof-of-concept farm in the Lim Chu Kang food security hub. The company is also scaling operations in Saudi Arabia following the acquisition of RedSea Smart Farm and advancing projects in Kuwait. Beyond vertical farming, Pure Harvest employs diverse techniques under controlled environment agriculture, integrating AI and advanced technologies to optimize food production in challenging climates.

Why it matters

As the firm moves toward a public offering, its vision of decoupling food production from climate aligns with the rising urgency of combating climate change's impact on agriculture.

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