Dubai-based vertical farming startup Crysp Farms has secured USD 2.25 mn in a pre-series A funding round, according to a statement. The seed round was led by strategic and financial advisory firm GateCapital, as well as some unnamed strategic investors from the UAE and Saudi Arabia, the statement reads.

Crysp Farms: Founded in 2019, Crysp Farms builds and operates vertical hydroponic farms for hotels, hospitals, restaurants, and supermarkets, providing 130 crop varieties for fresh local produce. The startup currently operates in 20 locations across the UAE, setting up its farms at the Ritz Carlton JBR, Carrefour Me’aisem, and Mandarin Oriental.

The seed round will help Crysp Farms expand its presence regionally across Saudi Arabia, Seychelles and the Maldives, as well as facilitate the establishment of new farms in the UAE within hotels and resorts managed by Hilton Worldwide, Jumeirah Group and Marriott International.

A special focus on Saudi: Crysp Farms is currently prioritizing the establishment of its farms within the hospitality and healthcare sectors across different cities in Saudi Arabia, along with providing support for undisclosed “development projects.”

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