# E GREEN GLOBAL Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/e-green-global-co

- Industry: Agribusiness
- Headquarters: Seoul, South Korea
- Website: www.eggtuber.com
- Total disclosed funding: $30M
- Latest round: Series C (May 31, 2022)
- Investors on record: 7

## About

Based in South Korea, E GREEN GLOBAL Co.,Ltd. specializes in innovative agricultural solutions, focusing on the production of virus-free seed potatoes to enhance crop yield and quality for farmers worldwide.E GREEN GLOBAL Co.,Ltd. is engaged in the agricultural sector, particularly in producing virus-free seed potatoes. Founded in 2009 in Seoul, South Korea, the company has executed four notable deals. The most recent funding round, Series C, occurred on May 31, 2022, raising KRW 7.6 billion from Korea Development Bank, HLMC, and ADB Ventures. The company’s current valuation stands at KRW 112.49 billion, with a total amount raised of KRW 7.6 billion since inception. The CEO is Keejoon Shin. E GREEN GLOBAL (EGG) specializes in innovative agricultural solutions primarily focused on the production of virus-free seed potatoes, specifically their flagship product, MICROTUBERS. Developed in bio-secured plant factories, these MICROTUBERS are designed for direct sowing in open fields, addressing challenges faced by potato growers such as nematode infestations and viral diseases. EGG’s products enhance crop yield and quality, contributing to food security. The technology is particularly beneficial for potato farmers in Africa and regions where potato farming is vital for local economies, serving individual farmers and agricultural cooperatives alike.E GREEN GLOBAL generates revenue through B2B transactions, partnering with agricultural enterprises and distributors to supply innovative seed technologies like MICROTUBERS. The company's revenue model includes direct sales to farming cooperatives and individual farmers, with potential additional revenue from licensing agreements for their farming technology. The most recent revenue for the year 2024 is KRW 24.68 billion, with an EBITDA of -KRW 1.63 billion.In May 2022, E GREEN GLOBAL Co.,Ltd. raised KRW 7.6 billion in Series C funding. The company plans to utilize this funding to enter new global markets and complete the test operation of its European production facilities. This initiative aims to expand EGG's reach and enhance its operational capabilities in international markets.

## Funding rounds

- Series C, May 31, 2022, $6.1M — Korea Development Bank, ADB Ventures, HLMC
- Series B, Dec 23, 2021, $15M — SKS, ADB Ventures, Envisioning Partners
- Series A, Oct 16, 2020, $8.8M — SKS, ADB Ventures, Yellowdog, IS Dongseo

## Investors

- SKS (https://capitalatlas.ai/funds/sks) — Series A, Series B
- ADB Ventures (https://capitalatlas.ai/funds/adb-ventures) — Series A, Series B, Series C
- Yellowdog (https://capitalatlas.ai/funds/yellowdog) — Series A
- IS Dongseo — Series A
- Envisioning Partners (https://capitalatlas.ai/funds/envisioning-partners) — Series B
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series C
- HLMC — Series C