IMM Investment has invested 14.5 billion KRW in Plant Farm, a South Korean smart farming startup, underscoring confidence in the growing agricultural technology sector.
Target Company Overview
Plant Farm Co., Ltd. is a South Korean small enterprise founded in June 2020, specializing in smart farming solutions in the agricultural and aquaculture sectors. The company is headquartered in Pyeongtaek, Gyeonggi-do, South Korea, and is led by CEO Kang Dae-hyun. Plant Farm's offerings focus on cutting-edge technologies in smart agriculture, particularly in the areas of IoT integration, vertical farming, and sustainable agricultural practices. Among its competitors are NexTon, FutureConnect, Permit, and Nthing.
Industry Overview in South Korea
The agricultural industry in South Korea is experiencing a significant transformation, with increasing adoption of smart farming technologies driven by the need for efficiency and sustainability in food production. The integration of IoT devices and AI systems is reshaping traditional farming practices, allowing for greater control over environmental factors and improved yield.
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Moreover, amidst food security concerns exacerbated by climate change and global supply chain disruptions, South Korean agriculture is seeing a surge in public and priva
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invested in
플랜티팜
in 2023
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Disclosed details
Transaction Size: $110M
Enterprise Value: $1,000M
Equity Value: $1,000M