About Midbar
Midbar is a company based in Pohang (South Korea) founded in 2020 by Moses Seo and Minkyun Bong.. Midbar operates in a competitive market with competitors including Spiritleaf, Indiva, MYM Nutraceuticals, JWC and Kikoko, among others.
- Headquarter Pohang, South Korea
- Founders Moses Seo, Minkyun Bong
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Sectors
Agriculture
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Funding Insights of Midbar
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2023 | Amount | Seed - Midbar | Valuation | SparkLabs |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Midbar
Midbar has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include SparkLabs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Startup growth is accelerated through focused accelerator programs by SparkLabs.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Midbar
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Midbar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Midbar Comparisons
Competitors of Midbar
Midbar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Spiritleaf, Indiva, MYM Nutraceuticals, JWC and Kikoko, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cannabis products are produced and supplied for recreational use.
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Produces and distributes medical cannabis
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Design-build services for cannabis cultivation facilities are provided.
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Producer and supplier of cannabis products
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Cannabis-infused herbal teas are produced and sold by Kikoko.
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Aeroponic vertical farms for cannabis cultivation are manufactured.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Midbar
Frequently Asked Questions about Midbar
When was Midbar founded?
Midbar was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Where is Midbar located?
Midbar is headquartered in Pohang, South Korea. It is registered at Pohang, North Gyeongsang Province, South Korea.
Who is the current CEO of Midbar?
Moses Seo is the current CEO of Midbar. They have also founded this company.
What does Midbar do?
Midbar was established in 2020 in Pohang, South Korea, within the medicinal cannabis sector. Operations focus on cultivating cannabis through aeroponic technology in indoor facilities. Automated climate-controlled systems are utilized to manage growth environments efficiently. The companys approach emphasizes controlled production methods for medicinal purposes, supporting consistent output in a regulated industry.
Who are the top competitors of Midbar?
Midbar's top competitors include Indiva, JWC and Spiritleaf.
Who are Midbar's investors?
Midbar has 1 investor. Key investors include SparkLabs.