Korean Agtech Startup Green Labs Scores $142M In Series C Funding

Jan 21, 2022•over 3 years ago

Amount Raised

$142 Million

Round Type

series c

Description

Green Labs, a South Korean agtech startup with presence in China and Vietnam, announced raising 170 billion won ($142 million) in a Series C funding round led by global growth investment firm BRV Capital Management.

Company Information

Company

Green Labs

About

The company said more than 500,000 domestic farms use its services through the “Farm Morning Smart Farm” app, which provides data-driven growing recommendations for farmers and supports growth management through precise control of the farm environment. It also operates “Sinsun Market”, a B2B fresh produce marketplace for over 10,000 enterprise buyers.The company, headquartered in Seoul, already has presence in China and Vietnam and plans to expand further in other countries this year. Green Labs said it will use the fresh capital to expedite its global expansion, make acquisitions, and hire more people. Founded in 2017, Green Labs develops a digital agricultural platform for farm management.

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