Thomas H. Lee Partners completed the $23m investment in Phytech.

Thomas H. Lee Partners, a premier private equity firm investing in growth companies, completed the $23m investment in Phytech, a digital farming automation and data provider. "We are grateful for the trust and support of THL and our existing investors as well as the vote of confidence from the growing community of global leading growers that are transforming their daily farming practices with our Plant-Demand production applications, resulting in healthier crops, improved yields, and reduced use of resources. Global agriculture is facing pressure from all directions. Farmers are seeing tightening margins, increasing water conservation demands, rising labor costs, and more. Planetary food producing capacity is challenged by climate change, topsoil erosion, water stress, and urbanization. The necessity for farmers to optimize production in meeting global food security needs and demands is clear," Sarig Duek, Phytech CEO.