{"id":88307,"date":"2024-01-24T00:00:00","date_gmt":"2024-01-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/crysp-farms-closes-usd-2-25-mn-pre-series-a-round-led-by-gatecapital\/"},"modified":"2024-01-24T00:00:00","modified_gmt":"2024-01-24T00:00:00","slug":"crysp-farms-closes-usd-2-25-mn-pre-series-a-round-led-by-gatecapital","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/crysp-farms-closes-usd-2-25-mn-pre-series-a-round-led-by-gatecapital\/","title":{"rendered":"Crysp Farms closes USD 2.25 mn pre-series A round led by GateCapital"},"content":{"rendered":"

Dubai-based vertical farming startup <\/strong>Crysp Farms<\/a><\/strong> has secured <\/strong>USD 2.25 mn<\/strong> (AED <\/strong>8.3 mn) in a <\/strong>pre-series A funding round<\/strong>, according to a company press release<\/a>. The seed round was led by strategic and financial advisory firm GateCapital<\/a>, as well as unnamed strategic investors from the UAE and Saudi Arabia, the statement reads. <\/p>\n

The seed round will help Crysp Farms expand its presence regionally across Saudi <\/strong>Arabia, Seychelles, and the Maldives<\/strong>, 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. <\/p>\n

A special focus on Saudi:<\/strong> 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 \u201cdevelopment projects.\u201d<\/p>\n

About Crysp Farms:<\/strong> 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, with farms at the Ritz Carlton JBR, Carrefour Me\u2019aisem, and Mandarin Oriental.<\/p>\n","protected":false},"excerpt":{"rendered":"

The funding will help facilitate the company\u2019s expansion across the region<\/p>\n","protected":false},"author":1,"featured_media":88308,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1548],"tags":[398,715,7,118,78],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-agriculture","tag-crysp-farms","tag-enterpriseam-uae","tag-saudi-arabia","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"5399c23f-707a-4a07-83e9-d805b10b8825","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/2042.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Crysp Farms closes USD 2.25 mn pre-series A round led by GateCapital","related_issue":[88294],"teaser":"The funding will help facilitate the company\u2019s expansion across the region","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.daf33bf5-b104-4f98-8b89-aa6c9338a70c.mp3"},"yoast_head":"\nCrysp Farms closes USD 2.25 mn pre-series A round led by GateCapital - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/crysp-farms-closes-usd-2-25-mn-pre-series-a-round-led-by-gatecapital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crysp Farms closes USD 2.25 mn pre-series A round led by GateCapital\" \/>\n<meta property=\"og:description\" content=\"The funding will help facilitate the company\u2019s expansion across the region\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/crysp-farms-closes-usd-2-25-mn-pre-series-a-round-led-by-gatecapital\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-24T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2042.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/crysp-farms-closes-usd-2-25-mn-pre-series-a-round-led-by-gatecapital\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/crysp-farms-closes-usd-2-25-mn-pre-series-a-round-led-by-gatecapital\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Crysp Farms closes USD 2.25 mn pre-series A round led by GateCapital\",\"datePublished\":\"2024-01-24T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/crysp-farms-closes-usd-2-25-mn-pre-series-a-round-led-by-gatecapital\/\"},\"wordCount\":188,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/crysp-farms-closes-usd-2-25-mn-pre-series-a-round-led-by-gatecapital\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2042.jpg?fit=%2C&ssl=1\",\"keywords\":[\"agriculture\",\"Crysp farms\",\"EnterpriseAM UAE\",\"Saudi Arabia\",\"STARTUP WATCH\"],\"articleSection\":[\"STARTUP WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/crysp-farms-closes-usd-2-25-mn-pre-series-a-round-led-by-gatecapital\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/crysp-farms-closes-usd-2-25-mn-pre-series-a-round-led-by-gatecapital\/\",\"name\":\"Crysp Farms closes USD 2.25 mn pre-series A round led by GateCapital - 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