Babylon Micro-Farms will use $8M in fresh funding

Added on 09 May 2023

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Babylon Micro-Farms will use $8M in fresh funding

Richmond vertical farming company Babylon Micro-Farms has completed an $8 million series A funding round it intends to use to boost its operations and grow its market share.

The round was led by Greenville, South Carolina’s Venture South and included participation from the Virginia Innovation Partnership Corp.’s Virginia Venture Partners, Bethesda, Maryland’s Hull Street Capital and Houston’s New Theory Ventures.

“We found new and current investors who believe in us,” said Alexander Olesen, CEO and co-founder of Babylon Micro-Farms. “They see that the fundamentals of the business are strong.”