# Babylon Micro-Farms

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/babylon-micro-farms

- Industry: Software
- Headquarters: Vancouver, US
- Website: www.babylonmicrofarms.com
- Total disclosed funding: $9.1M
- Latest round: Series A (Nov 21, 2022)
- Investors on record: 7

## About

Babylon Micro-Farms Inc., based in the US, specializes in innovative hydroponic farming systems that provide fresh produce for various sectors, including education and healthcare, enhancing healthy eating and sustainability.Founded in 2017 and headquartered in Vancouver, US, Babylon Micro-Farms Inc. focuses on creating sustainable farming solutions. The founders, Alexander Olesen and Graham Smith, have developed a unique business strategy that emphasizes community engagement and local food sources. The company has successfully raised USD 3.80 mn in its latest funding round, Series A, led by VentureSouth, which contributes to a total amount raised of USD 3.80 mn and a current valuation of USD 24.568 mn. Since its inception, the company has completed 11 deals, with the most recent one occurring on May 24, 2023.Babylon Micro-Farms specializes in innovative, sustainable hydroponic farming systems designed to cultivate fresh produce in various environments, including corporate dining, education, healthcare, and hospitality sectors. Their flagship product, the Micro-Farm, employs semi-automated growing technology to significantly reduce maintenance while providing fresh, on-site produce that enhances dining experiences and promotes healthy eating. The company’s offerings include the Galleri Micro-Farm™, STEM Garden™, and GrowSpace™ systems, catering to diverse customer needs ranging from schools to corporate offices. Their clients include educational institutions, healthcare facilities, and restaurants across North America, focusing on community engagement and sustainability by providing hands-on learning opportunities and promoting environmental awareness.Babylon Micro-Farms generates revenue through a structured transaction model that includes direct sales to clients and partnerships with organizations focused on sustainability and wellness. Their operations involve the sale of hydroponic farming systems, along with ongoing support and training services, which are essential for maximizing the effectiveness of their technology. Clients typically enter into agreements for the purchase of the Micro-Farm systems, which may include add-on services such as training and sustainability reports. The revenue model reflects a combination of B2B interactions, where educational institutions and corporate clients invest in these systems to enhance their ESG strategies and community engagement efforts.In May 2023, Babylon Micro-Farms Inc. raised USD 3.80 mn in a Series A funding round, which will be utilized to support the company's expansion efforts across the country. The company plans to develop new products and enhance existing offerings, although specific details on upcoming launches have not been disclosed. By leveraging this recent funding, Babylon Micro-Farms aims to penetrate new markets, further establishing its presence in regions prioritizing sustainable agricultural practices.

## Funding rounds

- Series A, Nov 21, 2022, $3.8M — Virginia Venture Partners, Hull Street Capital, VentureSouth, New Theory Ventures
- Seed, Mar 6, 2021, $3M — Virginia Venture Partners, Hull Street Capital, VentureSouth, CAV Angels
- Seed, Dec 27, 2019, $2.3M — Plug and Play, Virginia Venture Partners
- Seed, May 7, 2019 — Harmonix

## Investors

- Harmonix — Seed
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- Virginia Venture Partners (https://capitalatlas.ai/funds/virginia-venture-partners) — Seed, Series A
- Hull Street Capital (https://capitalatlas.ai/funds/hull-street-capital) — Seed, Series A
- VentureSouth (https://capitalatlas.ai/funds/venturesouth) — Seed, Series A
- CAV Angels (https://capitalatlas.ai/funds/cav-angels) — Seed
- New Theory Ventures (https://capitalatlas.ai/funds/new-theory-ventures) — Series A