Sundrop Farms Holdings Limited

Sundrop Farms Holdings Limited, based in Australia, specializes in sustainable agriculture by utilizing innovative greenhouse technologies to produce high-value fruits and vegetables, while efficiently harnessing renewable resources. Founded in 2009 and headquartered in Port Augusta, Australia, Sundrop Farms Holdings Limited focuses on the sustainable production of hydroponically grown produce. The company underwent a significant transition in ownership in May 2019, when Morrison & Co acquired it from KKR for undisclosed financial terms. Steve Marafiote serves as the current CEO of the company.

Sundrop Farms has raised a total of USD 100. 00 mn across multiple funding rounds, with the latest being a GROWTH round of USD 100. 00 mn. Sundrop Farms specializes in the sustainable production of high-value fruits and vegetables through innovative greenhouse technologies that harness renewable resources.

Their core offerings include a variety of hydroponically grown produce cultivated without traditional soil, allowing for increased control over growing conditions and enhanced product quality. The company converts seawater and sunlight into energy and fresh water, maximizing crop yields even in arid and degraded lands. Sundrop Farms services a diverse clientele, including grocery retailers, food distributors, and restaurants across Australia and targeted international markets, addressing the demand for high-quality, sustainable produce. In 2020, Sundrop Farms generated revenue of USD 1,001,436.

80, while reporting an EBITDA loss of USD 5,367,415. 90 for the same year. Following the acquisition by Morrison & Co, Sundrop Farms is focusing on expanding its product line and geographic reach. The company plans to introduce new hydroponically grown products in the upcoming years, although specific launch dates have not been disclosed.

Furthermore, Sundrop Farms aims to penetrate additional international markets, leveraging recent funding to enhance its operational capabilities and market presence. The USD 100. 00 mn raised in the latest GROWTH round is expected to support these expansion initiatives and further investments in technology.