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Babylon Micro-Farms closes $2.3m seed round

Babylon Micro-Farms has raised a $2.3 million seed round led by Virginia-based early-stage investment group CIT GAP Funds and startup incubation group Plug and Play Ventures. The round also includes a $225,000 grant from the National Science Foundation. This brings the company’s total capital to $3 million.

Combining cloud-based technology and what it describes as “remotely-managed growing services,” the Charlottesville-based startup describes its technology as a plug-and-play hydroponics system for indoor ag. The hardware piece of its product is a 32” x 66” x 96” tall machine, according to Forbes. The company claims that its 15 square-foot micro-farms can produce as much produce as a 2,000 square-foot of outdoor farmland.

The software piece of the platform offers fine-tuned nutrient and irrigation systems that can be customized to almost any plant and LED lights take the place of sunlight. It currently offers 227 seed varieties.

Read more at AgFunderNews (Lauren Stine)

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