# FIRMMIT

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/firmmit

- Industry: Agribusiness
- Headquarters: Seoul, South Korea
- Website: www.firmmit.com
- Total disclosed funding: $13M
- Latest round: Series B (Oct 4, 2024)
- Investors on record: 10

## About

Based in South Korea, and founded in 2017, FIRMMIT, also known as Permit, operates as an agricultural-based technology company that builds indoor farm solutions for farmers. In 2020, Firmmit raised venture funding from Big Bang Angles. As of 2021, the company is led by its CEO Park Sun-ki, has a client base of over 8028 customers, and analyses agricultural data gathered in 127 places across South Korea.

FIRMMIT provides consultancy services and exports container-type smart farms in three categories: Korean smart farms, urban smart farms, and container strawberry farms for farmers and agribusiness clients. The company's smart farms have a central management system, sensors, and an environmental control panel that are designed for crop cultivation, as well as the ability for customers to control farm temperature, lights, and monitor crops via a mobile application. As of 2021, its offerings include intelligent package greenhouse, smart module cultivator, household plant cultivation, aquaponics.

As of 2020, the company has generated a sales growth rate of 110 percent.

## Funding rounds

- Series B, Oct 4, 2024, $7.4M — Shinhan Asset Management, KB Investment, Industrial Bank of Korea, Korea Investment Partners, Shinhan Securities, ARK Impact Asset Management, Prologue Ventures
- Series B, Aug 1, 2023, $5.7M — Shinhan Asset Management, Woori Bank, Korea Investment Partners, Shinhan Securities, ARK Impact Asset Management, Prologue Ventures
- Seed, Oct 1, 2020 — BigBang Angels, Korea Tech Incubator for Startup

## Investors

- BigBang Angels (https://capitalatlas.ai/funds/bigbang-angels) — Seed
- Korea Tech Incubator for Startup — Seed
- Shinhan Asset Management (https://capitalatlas.ai/funds/shinhan-asset-management) — Series B
- Woori Bank — Series B
- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series B
- Shinhan Securities (https://capitalatlas.ai/funds/shinhan-securities) — Series B
- ARK Impact Asset Management — Series B
- Prologue Ventures (https://capitalatlas.ai/funds/prologue-ventures) — Series B
- KB Investment (https://capitalatlas.ai/funds/kb-investment) — Series B
- Industrial Bank of Korea — Series B