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Hind Al Soulia - Riyadh - Sprout raises $200,000 from FA Holding
News • 22 February, 2021
UAE start-up Sprout FZCO, a plant-based food business aimed at children, has received $200,000 in funding.
The fresh capital from Bahrain-based FA Holding will be used for retail expansion of products and services, the firm said.
Founded by biochemist Oz Erbas and marketing technologist Katerina Papatryfon, Sprout is pioneering a new era of children’s food production with a science-based, health-first approach.
The food products are exclusively made of whole plants and primarily use locally-sourced and organic ingredients, making Sprout the UAE’s first 100 percent plant-based children’s food business, the company said in a statement Sunday.
The company is also building an artificial intelligence (AI)-technology powered end-to-end nutrition management app, which will help parents navigate child nutrition and health.
FA Holding, which is involved in angel investing and mentoring start-ups, has a portfolio that includes more traditional investments in logistics and real estate, and early-stage investments in start-ups, such as Calo and Spiber.
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