Crisp Farms, a pioneer in innovative vertical decentralized farming operations in the Gulf Cooperation Council (GCC), has announced the successful closure of a $2.25 million pre-Series A funding round.
The round was led by Gate Capital, with participation from regional investors in the United Arab Emirates and the Kingdom of Saudi Arabia.
Founded in 2019 by Maan Saeed, Crisp Farms specializes in the installation and operation of advanced water farms, catering to the needs of various clients, including hotels, resorts, healthcare facilities, and supermarkets.
The new funding aims to support the company’s strategic expansion plan, facilitating the opening of new farms, executing regional and global projects, and establishing additional farms in Saudi Arabia.
This financial boost underscores Crisp Farms’ commitment to providing high-quality crops and achieving excellence in vertical farming.
In a press statement, Maan Saeed, Founder and CEO of Crisp Farms, expressed, “This investment reflects our commitment to capitalize on significant opportunities and expand our operations in promising markets.
We are proud to have the support of Gate Capital and other investors in this round, and we look forward to achieving sustainable growth in the coming year.”
Munzer Hilal, Founder and CEO of Gate Capital, commented on Crisp Farms’ leadership in green agriculture, affirming their continuous support for companies that positively impact environmental and social aspects.
The participation of Gate Capital in this funding round reinforces Crisp Farms’ role as a leader in driving transformation in the agriculture sector.
Crisp Farms aims to enhance its operational footprint in 2024, acquiring new partners and expanding into new geographical regions across different sectors.
