Livfarm

Livfarm, founded in 2020 and headquartered in Seoul, South Korea, is a developer of cloud-AI-based urban farming technology. The company focuses on producing fresh, pesticide-free vegetables within urban centers by leveraging small, modular farming units and the Internet of Things (IoT). This approach allows them to establish indoor farms in city locations, such as their Bang Bang and Sinchon farms in Seoul, which sometimes integrate restaurant spaces for a direct farm-to-table experience.

The company's business model appears multifaceted, targeting both consumers and business partners. For consumers, Livfarm operates its own branded stores, including a location at Incheon Airport, supplying fresh produce directly. For entrepreneurs and businesses, it offers "Livfarm Grow," a comprehensive smart farm solution that includes everything from the initial design and construction to operational support. A key part of this offering is a commitment to purchase a significant portion of the produce grown by these partners, mitigating their market risk and ensuring a steady revenue stream.

Livfarm's technology is central to its operations. It employs a remote, automated cultivation system that allows for the monitoring and control of the growing environment, significantly reducing labor requirements. The system is designed to be highly efficient, with claims that a farm can be managed by a single person working approximately five hours per day. The company has successfully raised $4.7 million in capital to date, with backing from investors such as Hyundai Motor, Kakao Ventures, and Hana Ventures, to fuel its expansion in the AgTech sector.

Keywords: urban farming, AgTech, smart farm, vertical farming, hydroponics, controlled environment agriculture, cloud AI farming, IoT agriculture, sustainable farming, local food production, Seoul startup, farm-to-table, modular farming, indoor farming, food technology, pesticide-free produce, automated cultivation, fresh vegetable supply, South Korean startup, sustainable agriculture