# Green Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/green-labs

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.greenlabs.co.kr
- Total disclosed funding: $130M
- Latest round: Series C (Apr 18, 2022)
- Investors on record: 7

## About

Based in South Korea, Green Labs operates as a technology-driven agricultural platform that enhances farming efficiency through data integration, connecting farmers with markets to foster a sustainable agricultural ecosystem.Founded in 2017 in Seoul, South Korea, Green Labs provides a revolutionary agricultural platform designed to streamline farm management. Led by founders Charlie Shin, Dong Ahn, and Seong Choi, the company has successfully completed 7 deals with its most recent funding round being a Venture Debt of KRW 50 billion on March 29, 2023, led by BRV Capital Management, with total funds raised equating to KRW 50 billion.Green Labs operates its primary agricultural platform, "Farm Morning," which provides comprehensive data analytics to improve farming practices. Key offerings include the Grain Scanner, which addresses the information gap in grain trading, and connects over 900,000 farmers with food buyers, enhancing the agricultural value chain through detailed pricing, reviews, and product information.In 2024, Green Labs reported a revenue of KRW 75,027,042 and an EBITDA of -KRW 8,003,896.5, primarily generated through transactions on the Farm Morning platform, which serves both B2B and direct-to-consumer sales.Green Labs plans to utilize the KRW 50 billion raised in March 2023 to enhance its Farm Morning app and expand its market presence in South Korea and Japan. The company will focus on developing new products and improving existing services to capture a larger share of the agricultural market in these regions.

## Funding rounds

- Series C, Apr 18, 2022, $110M — BRV Capital Management, SkyLake Equity Partners, SK Square CO., LTD.
- Series B, Dec 24, 2020, $15M — Magna Investment, Hashed Ventures, Mainstreet Investment
- Series A, Apr 1, 2020, $5.2M — Magna Investment, Huayi Investment, Mainstreet Investment

## Investors

- Magna Investment (https://capitalatlas.ai/funds/magna-investment) — Series A, Series B
- Huayi Investment — Series A
- Mainstreet Investment (https://capitalatlas.ai/funds/mainstreet-investment) — Series A, Series B
- Hashed Ventures (https://capitalatlas.ai/funds/hashed-ventures) — Series B
- BRV Capital Management (https://capitalatlas.ai/funds/brv-capital-management) — Series C
- SkyLake Equity Partners — Series C
- SK Square CO., LTD. — Series C