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Babylon Raises $8M For Its Self-Contained Vertical Farming System

Apr 03, 2023over 2 years ago

Amount Raised

$8 Million

RichmondAgriculture and Farming

Investors

New Theory VenturesHull Street CapitalVirginia Venture PartnersVenture South

Description

Personal vertical farms — that’s the big promise driving Babylon Micro-Farms. The Richard, Virginia-based startup produces the Galleri, a large $15,000 wall appliance designed to grow more than 50 different plant varieties for on-site harvest. The system is obviously price-prohibitive for most individuals at the moment; accordingly, the company is currently focused on food service for verticals like healthcare, education and the corporate world. Anyone who has a desire for hyper-local produce (and a nice visual to boot).

Company Information

Company

Babylon Micro-Farms

Location

Richmond, Virginia, United States

About

Babylon Micro-Farms builds its farms in-house at its facility in the Scott's Addition neighborhood of Richmond, VA. Babylon has developed patented technology to power our indoor farms and farming service. Our service enables businesses and communities to have a year-round supply of ultra-fresh produce at the touch of a button. We have a significant impact on our customer base, which includes global leaders like Aramark, Compass, Sodexo, along with many schools, hospitals, and senior care facilities. To learn more visit https://babylonmicrofarms.com/

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers