One of the leading innovators and operators of deconcentrated vertical farms is Crysp Farms. The company has secured  $2.25 million during a pre-seed round that was led by gate capital and the participation of various regional angel investors who belong to the United Arab Emirates and Saudi Arabia.

The homegrown provider of  ‘Farming as a Service’ creates and runs significant hydroponic farms on the spot by catering to healthcare facilities, various hospitality firms, hypermarkets, and chains of restaurants. In particular, the high-quality production of this farm is getting served in various venues identified by remarking awards and specialised guides, such as Michelin and Gault & Millau. The collected funding will focus on labeling the expanding strategy of the company all across the region and also on delivering dedicated contracts on the international stage.

The one and only provider of hyperlocal farming in the region, Crysp Farms aims to fill the valuable gap in the agenda of food security. Every farm supplies uninterrupted access to organically produced fresh ingredients and equally, cuts down the emission of greenhouse gases to support the result of COP28. As indicated by the Food and Agriculture Organisation of the United Nations (FAO), between 30 percent and 40 percent of the maximum production of food is getting lost even before the production reaches the consumers. With Crysp Farms there will be near to zero spoilage.

Crysp Farms with its present funding round will continue building the company’s strategic expansion by launching brand-new farms at some of the renowned resorts and hotels that are controlled by global leaders Jumeirah Group, by global leaders like Hilton Worldwide, Jumeirah Group, and Hilton Worldwide, and many more. Back in December 2023, Crysp Farms contracted with five different properties to bring their sustainable farms to more than 20 destinations across the United Arab Emirates. They equally aim for many more in this business chain across other regional destinations and various global destinations which include Maldives and Seychelles. Most importantly, this company plans to expand this business in the Kingdom of Saudi Arabia, and also enable and enhance local food production using some creative technology. This project is in line with the Saudi Vision 2030. This equally aims to help the healthcare and hospitality sectors around major cities and various developmental projects in Saudi Arabia.

While talking about this project and the investment round, Maan, the  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.”

The Chief Executive and Founder of Gate Capital, Munther Hilal 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.”

Adding up to the benefits of administrative environmental agriculture with the use of hydroponics Crysp Farms is deeply implanted in an impactful yet simple principle, that is to land the freshest items directly on your table maintaining some simple steps. Crysp Farms gives more attention to accomplishing and filling the market gap between high-quality, extremely fresh resources that are produced locally. The partners of this company have diverse abilities to hand over leafy vegetables, herbs, and a diversity of more than 130 crop variations right from the farm to the dining table. Sustaining farming practices by Crysp Farms have collected highly satisfied reviews from clients with leading stable growth with ongoing innovations, and cultivating a versatile range of resources from every firm.

 

The future plans of Crysp Firms by 2024 ensure a significant pipeline of various partners, sectors, and geographics. Crysp Farms is a newly launched brand that helps to build and operate customised vertical farms for some of the most popular and loved luxury hospitality brands worldwide.