Babylon Micro-Farms Funding & Investors
Richmond, VA
Babylon offers a smart, scalable indoor farm tailored to meet the clients' needs. At the touch of a button, Babylon delivers a simple, yet engaging indoor growing experience. Babylon is leveraging its remote management technology to develop a complete indoor farming platform that will power a distributed network of Micro-Farms across North America. Founders Alexander Olesen and Graham Smith met at the University of Virginia where they first designed a low-cost micro-farm to provide nutritious produce for food-insecure refugees in the Middle East. Alexander and Graham were initially inspired by the desire to bring benefits of sustainable hydroponic farming to those who need it the most. They set out to develop technology that would automate the complex aspects of indoor farming and in doing so make this transformative method of crop production accessible to anyone.
babylonmicrofarms.comTotal Amount Raised: $19,097,158
Babylon Micro-Farms Funding Rounds
Series A
$8,000,000
Series A Investors
VentureSouthHull Street CapitalVirginia Innovation Partnership Corporation (CIT)New Theory VenturesGrant
$500,000
Grant Investors
National Science Foundation (NSF)Seed
$3,250,000
Grant
$999,056
Grant Investors
National Science Foundation (NSF)Seed
$3,000,000
Seed Investors
Center for Innovative TechnologyCAV AngelsVentureSouthHull Street CapitalSeed
$2,300,000
Seed Investors
Plug and PlayVirginia Innovation Partnership Corporation (CIT)Grant
$225,000
Grant Investors
National Science Foundation (NSF)Grant
$223,102
Grant Investors
National Science Foundation (NSF)Pre Seed
$600,000