Interstellar Lab announces a
5 million-dollar seed round to double its workforce
and accelerate BioPod manufacturing
March 7th, 2O22
Interstellar Lab
announces a 5 million dollars seed round with Urania
Ventures, Auxxo, 7percent Ventures, Seldor Capital,
E2MC, Kima Ventures and BPI.
This round will allow the
startup to double its workforce by the end of 2O22
to accelerate manufacturing of first BioPods for
Earth market this year. It also seeks to support the
development of new products for the space market,
including their recently NASA-awarded food
production system. The 2O recruits will strengthen
mechanical, electronic and software engineering
teams, as well as design, agronomy and
manufacturing.
At the crossroads of space
exploration, farming and green technologies,
Interstellar Lab is a US-French startup that
develops and markets controlled-environment modules
to grow plants on Earth and in space. The company
also collaborate with space agencies, including NASA
and CNES, to develop LEO and Lunar modules to
support astronauts’ life in space. Interstellar Lab
aims at deploying its modules as part of NASA’s
Artemis program and for future Mars exploration
missions.
Founded late 2O18 in Los
Angeles by Barbara Belvisi, Interstellar Lab has now
grown to a team of 2O, including former SpaceX,
NASA, CNES, Trimble, Airbus, Agricool and Dassault.
With its headquarters and first facility in Ivry Sur
Seine, south of Paris, Interstellar Lab has received
funding from angels Bruno Maisonnier,
Charles-Edouard Bouee, Xavier Gury, Adeo Ressi and
Thibaud Elziere before onboarding its first venture
capitalist this year.
Announced in 2O2O and after a
year of development, Interstellar Lab is now
manufacturing its flagship product BioPod, a
deployable pod optimized for plant growth. Designed
as a modular, controlled-environment aeroponics
farm, BioPod creates the ideal climatic and
atmospheric conditions for plant growth. Its
advanced technology allows the cultivation of
species that cannot be grown in traditional
agriculture, including high-value plants like
vanilla, vetiver or patchouli. Maximizing efficiency
and production, BioPod reduces water consumption (by
98%) and energy (x2O) while boosting yield (up to
x3OO). The product also includes AI management and
monitoring software as well as a resupply service.
BioPod is in high demand among
health, cosmetics and perfume companies struggling
with the sourcing of natural ingredients. BioPod
allows to grow locally, efficiently and all year
long plants reducing environmental impact. BiodPod
is used for food production, especially in desert
zones, and biodiversity protection by recreating
ideal conditions for endangered plants to live.
Additionally, it provides a solution for
universities and scientists for crop and plant
research.
“Becoming a multi-planetary
species is one of the most exciting challenges for
humanity, and current advancements in the space
industry are turning this dream into reality. The
space race has definitely begun and, in the 5 coming
years, humans will be back on the Moon and this time
to stay. At the same time, we are experiencing on
Earth some of the most pressing challenges for our
civilization with climate change and biodiversity.
Current agricultural practices need to innovate to
meet these challenges. At Interstellar Lab, we are
providing solutions for organizations in many
sectors that need to rethink the way they cultivate
certain species. This new fundraising will allow us
to grow our team in the US and France and deliver
value to the market more quickly,” explains Barbara
Belvisi, Founder and CEO at Interstellar Lab.