Amount Raised
$8 Million
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).
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers