Crysp Farms, the GCC’s leading innovator and operator of decentralised vertical farms, has secured a $2.25 million ‘Pre-Series A’ round structured and led by Gate Capital with participation from regional investors, including those from the UAE and Saudi Arabia.The funding round will focus on scaling the company’s expansion strategy across the region and delivering committed contracts internationally.
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With the current funding round, Crysp Farms will continue its strategic expansion, introducing new farms in prestigious hotels and resorts managed by global leaders like Hilton Worldwide, Jumeirah Group, and Marriott International, among others.
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Speaking about the investment round, Maan Said, CEO and founder of Crysp Farms, said, “This financial and strategic investment opens up opportunities and enables the business to scale exponentially across our target markets. Through our partner relationships, we are eager to create a more sustainable world through hyperlocal farming. We are proud to receive the support of Gate Capital and other leading investors in this round, as we look forward to sustainably scaling our operations.”
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Crysp Farms will target expansion into the Kingdom of Saudi Arabia, enabling and enhancing local food production through innovative technology, in line with Saudi Vision 2030. The business aims to support the hospitality and healthcare sectors across major cities and new development projects in the Kingdom.
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Munther Hilal, Chief Executive and Founder of Gate Capital, said, “Crysp Farms has grown from an innovative idea to disrupt agriculture into a tangible green investment opportunity, with sturdy unit economics and a strong foundation paving the way for scalable growth. Gate Capital’s continuous commitment to ESG-led businesses is a testament to identifying impact investment opportunities.”
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About Crysp Farms
Founded in 2019, Crysp Farms harvest beyond organic produce on-site and on-demand by investing and operating be-spoke vertical farms that actualize our customers culinary experiences. Crysp Farms plant the seeds, harvest the end product and deliver once it’s ready for consumption or sale. Crysp Farms, the only hyperlocal farming provider in the region, fills an important gap in the food security agenda.
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