# N.Thing

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/n-thing

- Industry: Internet
- Headquarters: Seoul, South Korea
- Website: www.nthing.net
- Total disclosed funding: $20M
- Latest round: Series B (Oct 4, 2021)
- Investors on record: 15

## About

N.THING Inc., based in South Korea, specializes in innovative vertical farming solutions, enhancing food production efficiency and sustainability through advanced technologies and data analytics. N.THING was founded in 2014 in Seoul South Korea by Hyeyeon “Leo” Kim Co-Founder and Chief Executive Officer, focusing on vertical farming technologies. N.THING specializes in innovative agricultural solutions, primarily focusing on vertical farming technologies that enhance the efficiency and sustainability of food production. Their core product offerings include proprietary vertical farming systems designed to optimize crop yield through advanced IT and data analytics. These systems enable the cultivation of fresh produce in controlled environments, targeting key markets across Asia, Europe, and North America. The company's solutions are aimed at addressing the challenges of food security and sustainability by providing fresh, locally grown produce to consumers and businesses. N.THING's clientele consists of agricultural enterprises, retailers, and food distributors who benefit from their state-of-the-art farming technology. By leveraging their expertise, N.THING seeks to revolutionize the global food value chain while also exploring possibilities for extraterrestrial agriculture, aligning their innovations with future technological advancements.N.THING generates revenue through a combination of direct sales and partnerships with agricultural businesses and food distributors. Transactions typically involve the provision of vertical farming systems, which may be sold as complete packages or through subscription models that offer ongoing support and maintenance services. The company’s flagship products include their proprietary vertical farming solutions, which are designed for scalability and efficiency, thereby appealing to both small-scale urban farms and large agricultural operations. Pricing structures for these products are tailored to meet the diverse needs of their clients, ensuring accessibility to cutting-edge farming technologies. Additionally, strategic partnerships with retail and wholesale distributors further expand their market reach, facilitating the distribution of their produce to end consumers. In March 2026, N.THING raised an undisclosed amount of venture funding from Samsung Venture Investment. The company will use the March 2026 funding to advance its artificial intelligence agriculture platform, support research and development of high-value crops, and expand into global markets starting with Indonesia. N.THING aims to enter new geographic markets in North America and Europe by the end of 2025, further enhancing its global presence.

## Funding rounds

- Series B, Oct 4, 2021, $5M — AEGIS ASSET MANAGEMENT, InterVest, SL Investment, Kiwoom Securities, KT&G Corporation, Ascendo Ventures
- Series B, Aug 28, 2020, $10M — Samsung Venture Investment, Woowa Brothers Corp., TBT Partners, Eugene Investment & Securities
- Series A, Dec 24, 2018, $2.3M — BNK Venture Capital, Spring Camp, TBT Partners
- Series A, Jun 15, 2016, $0.5M — Empower Investment
- Series A, Nov 1, 2015, $1.8M — Korea Development Bank
- Seed, Aug 1, 2015 — Korea Venture Investment Corporation

## Investors

- Korea Venture Investment Corporation (https://capitalatlas.ai/funds/korea-venture-investment-corporation) — Seed
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series A
- Empower Investment (https://capitalatlas.ai/funds/empower-investment) — Series A
- BNK Venture Capital (https://capitalatlas.ai/funds/bnk-venture-capital) — Series A
- Spring Camp (https://capitalatlas.ai/funds/spring-camp) — Series A
- TBT Partners (https://capitalatlas.ai/funds/tbt-partners) — Series A, Series B
- Samsung Venture Investment (https://capitalatlas.ai/funds/samsung-venture-investment) — Series B
- Woowa Brothers Corp. — Series B
- Eugene Investment & Securities — Series B
- AEGIS ASSET MANAGEMENT — Series B
- InterVest (https://capitalatlas.ai/funds/intervest) — Series B
- SL Investment (https://capitalatlas.ai/funds/sl-investment) — Series B
- Kiwoom Securities — Series B
- KT&G Corporation — Series B
- Ascendo Ventures (https://capitalatlas.ai/funds/ascendo-ventures) — Series B