The vertical farming system developer has completed a $26m round that included KT&G and E1, with the cash to go to international expansion.

Tobacco producer KT&G and propane gas provider E1 participated in a $26m series B round for South Korea-based indoor farming technology developer N.Thing on Sunday.

Venture capital firm InterVest and asset manager Kiwoom Investment co-led the $21m second tranche of the round, which also featured Ascendo Ventures, SL Investment, Igis Asset Management and unnamed existing investors.

N.Thing has created a modular vertical farming system called Cube and will channel the funding into commercialising the technology internationally. It has agreed to…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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