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<ul><li>Indonesia’s aquaculture company eFishery has raised US$200 million in its Series D funding round led by Abu Dhabi-based global fund manager 42XFund.</li><li>Malaysian public sector pension fund, Kumpulan Wang Persaraan (KWAP), Switzerland-based asset manager responsAbility, 500 Global, Northstar, Temasek, and SoftBank also joined.</li><li>The funds will be used to expand the eFishery farming community, targeting to engage over 1 million aquaculture ponds in Indonesia by 2025 and increasing the transactions of fish feed and fresh fish on the platform.</li></ul>

Indonesia’s aquaculture company eFishery has raised US$200 million in its Series D funding round led by Abu Dhabi-based global fund manager 42XFund.Malaysian public sector pension fund, Kumpulan Wang Persaraan (KWAP), Switzerland-based asset manager responsAbility, 500 Global, Northstar, Temasek, and SoftBank also joined.The funds will be used to expand the eFishery farming community, targeting to engage over 1 million aquaculture ponds in Indonesia by 2025 and increasing the transactions of fish feed and fresh fish on the platform.

eFishery Banks US$200M, Targets to Engage 1M+ Aquaculture Ponds by 2025

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Tech in Asia (YC W15) is the largest English-language technology media company that focuses on Asia. From the latest news to the hottest trends and the boldest startups to the strongest titans, we cover everything tech in the region. Our goal is to build and serve Asia’s tech and startup community.

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<ul><li>Indonesian agritech startup <a href="https://efishery.com/en/" target="_blank" rel="noopener">eFishery</a> has raised US$108 million in series D funding, pushing its post-money valuation to US$1.3 billion, according to VentureCap Insights, which tracks regulatory filings.</li><li>The latest round is led by <a href="https://www.42xfund.com/" target="_blank" rel="noopener">42xfund</a> and it saw participation from existing investors Northstar Group and SoftBank Vision Fund II.</li><li>EFishery <a href="https://www.techinasia.com/exclusive-idn-aquaculture-startup-hauls-90m-series-temasek-softbank-sequoia#:~:text=Indonesian%20startup%20eFishery%20has%20raised,2%2C%20and%20Sequoia%20Capital%20India." target="_blank" rel="noopener">last raised</a> US$90 million in a series C funding round in January 2022.</li></ul>

Indonesian agritech startup eFishery has raised US$108 million in series D funding, pushing its post-money valuation to US$1.3 billion, according to VentureCap Insights, which tracks regulatory filings.The latest round is led by 42xfund and it saw participation from existing investors Northstar Group and SoftBank Vision Fund II.EFishery last raised US$90 million in a series C funding round in January 2022.

Indonesian Agritech Firm EFishery Hits Unicorn Status with $108m Series D

Indonesia

Multidaya Teknologi Nusantara PT, doing business as eFishery, offers Internet based services. The Company delivers an Internet of Things (IoT) solution and data platform for fish and shrimp farming that provides feeding solution to assists farmers make informed decisions about their aquaculture ponds. eFishery serves customers worldwide.

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eFishery (1313998D IJ)

eFishery Banks US$200M, Targets to Engage 1M+ Aquaculture Ponds by 2025

The investors include 42XFund (UAE), KWAP (Malaysia), responsAbility (Switzerland), 500 Global, Northstar, Temasek, and SoftBank

e27

Indonesian Agritech Firm EFishery Hits Unicorn Status with $108m Series D

Indonesian agritech startup eFishery has raised US$108 million in series D funding, pushing its post-money valuation to US$1.3 billion, according...

Tech in Asia

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