Crysp Farms Raises $2.25 Million in Pre-Series A Funding Round
Known for its specialised hydroponic farms, Crysp Farms’ funding is expected to fuel the expansion of this local 'Farming as a Service' provider.
Crysp Farms, a UAE-based agritech startup that focuses on decentralised vertical farming across the GCC, recently secured USD 2.25 million in a Pre-Series A funding round. The funding, led by Gate Capital and supported by regional investors, is expected to fuel the expansion of this local 'Farming as a Service' provider.
Distinguished as the sole hyperlocal farming provider in the GCC region, Crysp Farms cultivates crops in a sustainable fashion with its specialised hydroponic farms, largely by curbing spoilage and minimising greenhouse gas emissions. Crysp Farms is eyeing partnerships with hotels and resorts, including industry giants like Hilton Worldwide, Jumeirah Group, and Marriott International.
“This financial and strategic investment opens up opportunities and enables the business to scale exponentially across our target markets,” Maan Said, CEO and founder of Crysp Farms, tells StartupScene. “Through our partner relationships, we are eager to create a more sustainable world through hyperlocal farming.”
The recent collaboration with five new properties brings their sustainable farming model to over 20 locations in the UAE, with further expansions slated for the Seychelles, the Maldives and Saudi Arabia.
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Jan 31, 2024