Agtech startup Gint raises 14.5 billion KRW in a pre-IPO funding round to accelerate international market expansion and agricultural technology development.

Target Information

Gint, an Agtech startup founded in 2015, has recently secured 14.5 billion KRW in a pre-IPO funding round. The investment will significantly bolster its expansion into international markets and propel the development of advanced agricultural robotics technologies. The funding round included participation from strategic investors aimed at facilitating Gint's entry into the Indonesian market, with noteworthy backing from PT. Indo Agritech Investment, along with other notable investors such as LIG Nex1 and IBK Capital.

Gint has established a presence in Indonesia and Japan, launching its autonomous driving agriculture kit named “Pluva Auto” in 2022. Their ongoing partnerships with various governmental and corporate entities focus on the advancement and market introduction of cutting-edge agricultural technologies. The company has also set up a local subsidiary in Japan to serve as a base for further international expansion.

Industry Overview in South Korea

The South Korean Agtech industry has been witnessing robust growth, reflecting the increasing demand for technological innovation in agriculture. This sector is critical due to the nation’s pressing challenges, such as labor shortages in f