In today’s briefing:
- Indonesian Agritech Startup Eratani Bags US$2M Seed Funding
- eFishery Banks US$200M, Targets to Engage 1M+ Aquaculture Ponds by 2025
Indonesian Agritech Startup Eratani Bags US$2M Seed Funding
- Indonesia-based agritech firm Eratani has secured US$2 million in a seed extension round from SBI Ven Capital, Genting Ventures, Orvel Ventures, and Ascend Angels.
- This deal brings the total seed funding to US$5.8 million.
- The new investment comes about half a year after Eratani raised US$3.8 million from TNB Aura, Trihill Capital, BIG Ventures, and AgFunder.
eFishery Banks US$200M, Targets to Engage 1M+ Aquaculture Ponds by 2025
- 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.
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