N.Thing, A South Korean Agritech Startup Secures $26 Million In Fundraising To Accelerated Growth And Expansion Worldwide

Oct 04, 2021•almost 4 years ago

Amount Raised

$26 Million

Seoul

Description

Korean AgriTech startup N.Thing, has raised $21 million in series B fundraising that is up from a $5 million in previous series that is secured $26 million in total. This has been runned as an additional round of series B funding, led by InterVest and Kiwoom Investment where are the follow-on investment from existing investors as well, and new participation from Ascendo Ventures, SL Investment, IGIS Asset Management and KT&G.

Company Information

Company

N.Thing

Location

Seoul, Seoul, South Korea

About

Established in January 2014, N.THING is a Seoul-based Agri-Food tech company leading innovation in agricultural products, by extension, in the farm-to-table food value chain by combining IoT technology and data. It developed the world's first modular vertical farm 'CUBE' which is easy to expand. N.THING CUBE is a modularized farm with mass productivity where a dedicated OS provides the most optimized environment for each crop so as to create maximized efficiency. N.THING is the world's first smart farming company that won the iF Design Award, Architecture in 2020. Also, it is a winner of Best of Innovation at the CES 2020 for its excellence in technology, which is the first ever in the agricultural field. N.THING is planning to expand its business on a large scale this year after it successfully completes the PoC process in the U.A.E. (website) www.nthing.net (LinkedIn) https://www.linkedin.com/company/n.thing

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