About N.THING
N.THING is a company based in Seoul (South Korea) founded in 2014 by Hyeyeon Leo Kim and Tony Good.. N.THING has raised $27.73 million across 3 funding rounds from investors including Korean Development Bank, E1 and KT&G. N.THING offers products and services including N.THING Solution, Crop Business, and N.CUBE LAB. N.THING operates in a competitive market with competitors including Tortuga AgTech, Agrify, Priva, Grobo and FarmShelf, among others.
- Headquarter Seoul, South Korea
- Founders Hyeyeon Leo Kim, Tony Good
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Sectors
Agriculture
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Phone
*********
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Website
*********
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Social
*********
- Legal Name (주)엔씽
- Jurisdiction Na, Maharashtra, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$27.73 M (USD)
in 3 rounds
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Latest Funding Round
$26 M (USD), Series B
Oct 04, 2021
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Investors
Korean Development Bank
& 8 more
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Employee Count
Employee Count
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Products & Services of N.THING
N.THING offers a comprehensive portfolio of products and services, including N.THING Solution, Crop Business, and N.CUBE LAB. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Vertical farm technology for global agricultural expansion
Supplying fresh crops worldwide using sustainable methods
Smart farm research for advancing agrifood technologies
Funding Insights of N.THING
N.THING has successfully raised a total of $27.73M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $26 million completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $26.0M
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First Round
First Round
(10 Dec 2014)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series B - N.THING | Valuation | InterVest , Kiwoom Investment | |
| Dec, 2015 | Amount | Series A - N.THING | Valuation |
investors |
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| Dec, 2014 | Amount | Seed - N.THING | Valuation | SparkLabs |
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| 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 |
Investors in N.THING
N.THING has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Korean Development Bank, E1 and KT&G. 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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Early-stage venture capital is provided by Korean firm InterVest.
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Founded Year | Domain | Location | |
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Investment services are offered by Kiwoom Investment in South Korea.
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Founded Year | Domain | Location | |
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Venture capital investments are provided by Ascendo Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by N.THING
| 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 - N.THING
| 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 |
N.Thing Comparisons
Competitors of N.THING
N.THING 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 Tortuga AgTech, Agrify, Priva, Grobo and FarmShelf, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of AI-enabled robot greenhouses systems
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| domain | founded_year | HQ Location |
Farm management solutions for hemp and cannabis production are provided.
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| domain | founded_year | HQ Location |
Automation and climate control solutions are provided for indoor farming.
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| domain | founded_year | HQ Location |
An automated indoor gardening system for efficient home use.
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| domain | founded_year | HQ Location |
Cloud-based automated systems for indoor crop growing are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on N.Thing
Frequently Asked Questions about N.THING
When was N.THING founded?
N.THING was founded in 2014.
Where is N.THING located?
N.THING is headquartered in Seoul, South Korea.
Who is the current CEO of N.THING?
Hyeyeon Leo Kim is the current CEO of N.THING. They have also founded this company.
Is N.THING a funded company?
N.THING is a funded company, having raised a total of $27.73M across 3 funding rounds to date. The company's 1st funding round was a Seed of $25K, raised on Dec 10, 2014.
What does N.THING do?
N.THING was founded in 2014 in Seoul, South Korea, as a developer in the IoT sector focused on gardening technology. Sensors are provided to monitor and control indoor plant growth, including humidity, water levels, and light exposure. Data is tracked and managed through a smartphone application, which also incorporates weather reports, measurement tools, and visual boards for plant progress. Operations center on enabling remote plant care for users.
Who are the top competitors of N.THING?
N.THING's top competitors include Agrify, Tortuga AgTech and Priva.
What products or services does N.THING offer?
N.THING offers N.THING Solution, Crop Business, and N.CUBE LAB.
Who are N.THING's investors?
N.THING has 9 investors. Key investors include Korean Development Bank, E1, KT&G, IGIS Asset Management, and InterVest.