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§ Private Profile · Richmond, VA, USA
Developer of automated hydroponic micro-farms and software for remote management of on-site fresh produce for institutional food service.
Based in Richmond, Virginia, Babylon Micro-Farms develops automated indoor hydroponic farming systems and remote management software designed for institutional food service providers and commercial applications. The company operates on a farming-as-a-service business model, providing modular hardware alongside recurring subscriptions for its proprietary BabylonIQ platform, seeds, nutrients, and ongoing maintenance supplies. These controlled-environment agriculture units enable year-round crop production on-site without requiring specialized agricultural expertise from the end user. Operating hundreds of micro-farms across more than 30 states, the enterprise has raised approximately $11 million in total venture funding, including an $8 million Series A funding round. The firm's commercial client base features major corporate dining and hospitality partners such as IKEA, LinkedIn, and Aramark, while its institutional investor syndicate is led by VentureSouth. Babylon Micro-Farms was founded in 2017 by Alexander Olesen and Graham Smith.
Babylon Micro-Farms has raised $14.0M across 3 funding rounds.
Babylon Micro-Farms has raised $14.0M in total across 3 funding rounds.
Babylon Micro-Farms has raised $14.0M in total across 3 funding rounds.
Babylon Micro-Farms's investors include VentureSouth, Center for Innovative Technology, Hull Street Capital, National Science Foundation, New Theory Ventures, Alex Euler, University of Virginia, Tom Weithman, Plug and Play Ventures.
Babylon Micro-Farms has raised $14.0M across 3 funding rounds. Most recently, it raised $8.5M Grant / Series A in April 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 3, 2023 | $8.5M Grant | VentureSouth | Center For Innovative Technology, Hull Street Capital, National Science Foundation, NEW Theory Ventures | Announced |
| Mar 18, 2021 | $3M Seed | Alex Euler | Hull Street Capital, University OF Virginia, VentureSouth | Announced |
| Jan 8, 2020 | $2.5M Grant | TOM Weithman, Plug And Play Ventures | National Science Foundation | Announced |