| Founded | 2006 |
|---|---|
| Closed | 2022 |
| Country | Australia |
| Sector | Agriculture |
| Collapse type | Fire Sale |
| Founder | Philipp Saumweber |
Sundrop Farms
"Solar-powered desert farming was technically brilliant but commercially bankrupt."
Distressed acquisition below last-round valuation
Key Events Timeline
Sundrop Farms built a groundbreaking solar-powered, seawater-desalinating greenhouse in Port Augusta, South Australia, raising over $100M from KKR in 2016.
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