Indoor farming firm Babylon Micro-Farms has closed a $3 million seed funding round, which will fund the company’s national expansion efforts.
Babylon’s indoor farming solutions include ‘plug-and-play’ Micro-Farms that can be installed in locations including corporate cafeterias, restaurants, hospitals and more, in order to provide fresh produce such as lettuces, baby greens and herbs.
Babylon reportedly provides a guided app-based service that helps customers to set-up and manage their indoor micro-farms, while growing conditions in the farms can also be managed remotely.
The funding round included commitments from previous investors including the Center for Innovative Technology, as well as new investments from Hull Street Capital, Venture South and the CAV Angels group.
A statement from the company claimed that ‘national distribution to major providers is underway’, while Babylon stated that it will aim to will triple its workforce over the next 24 months to keep pace with growing demand.
Alexander Olesen, CEO of Babylon Micro-Farms, said: “2021 is on track to be a year of accelerating growth and major market penetration through national distribution as we continue to focus on deploying our indoor farming service.
“We’re enabling businesses and communities to grow their own fresh produce and demonstrating the benefits of our fleet of remotely managed vertical farms.”
© FoodBev Media Ltd 2022
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