Crysp Farms Harvests $2.25 Million in Pre-Series A Round

Crysp Farms, the GCC’s operator of decentralized vertical farms has closed a $2.25 million Pre-series A round led by Gate Capital with participation from regional investors from the UAE and Saudi Arabia, as per an emailed press release to Inc. Arabia.

As a homegrown 'Farming as a Service' provider, Crysp Farms specializes in building and operating custom onsite hydroponic farms tailored for hospitality groups, healthcare facilities, restaurants, and hypermarkets.

The quality of its produce has garnered recognition in esteemed venues acknowledged by prestigious awards and guides such as Gault&Millau and Michelin.

The fresh funds are earmarked for scaling the company's expansion initiatives throughout the region and fulfilling committed contracts on the international stage.

Crysp Farms, the exclusive hyperlocal farming provider, ensures continuous access to onsite fresh produce while concurrently reducing greenhouse gas emissions, aligning with the goals of COP28.

Addressing the staggering 30-40% loss in food production before reaching consumers, as reported by the Food and Agriculture Organization of the United Nations (FAO), Crysp Farms practically eliminates spoilage.

Crysp Farms aims to introduce new farms in upscale hotels and resorts managed by global industry leaders such as Hilton Worldwide, Jumeirah Group, and Marriott International.

The company has recently forged partnerships with five additional properties, expanding its sustainable farms to over 20 locations across the UAE, with plans underway for further expansion to regional and international destinations, including the Seychelles and Maldives.

Crysp Farms also eyes tapping into the Kingdom of Saudi Arabia to support the hospitality and healthcare sectors in major cities and new development projects.