AgriTech
Indonesia’s aquaculture company eFishery expands to India
Indonesia-based aquaculture company eFishery has announced the completion of its commercial pilot in India, marking a significant milestone in its global expansion journey. The firm has kicked off the pilot project in March of this year, has successfully acquired over 1,000 acres of ponds under contract, and has now distributed more than 3,000 metric tons…
India’s Vegrow raises $46M in Series C funding round led by GIC
Vegrow, an India-based business to business (B2B) fruits marketplace, announced it has raised $46 million in primary and secondary funding. The new funding round is led by GIC, Singapore’s sovereign wealth fund, with significant participation from existing investor Prosus Ventures, and continued support from Matrix Partners India, Elevation Capital, and…
Malaysian agritech startup Qarbotech lands $700,000 seed funding
Qarbotech, a Malaysia-based agritech startup, announced Monday that it has raised $700,000 in seed funding and grants. The round was led by multi-stage venture capital firm, 500 Global, and includes innovation grants from the Temasek Foundation for winning the Climate Impact Innovations Challenge 2023, and Khazanah Nasional’s Dana Impak for winning the…
Philippines-based finance app GCash enters agrifintech with agri-fisheries platform Mayani
Philippines-based finance app GCash – operated by the country’s fintech firm Mynt – has entered agrifintech through a strategic bid with Mayani, an agri-fisheries platform connecting smallholder farmers and fishers to buyers, to tackle the nation’s elusive phenomenon of rural financial inclusion.
Indonesia’s JALA raises $13.1M from Intudo to scale up operations across key regions of Indonesia
JALA, an Indonesian digital enabler for the shrimp industry, has on Tuesday announced the completion of a $13.1 million Series A round of financing led by Intudo Ventures. The funding also saw participation from Sinar Mas Digital Ventures (SMDV), and existing investors Mirova and Meloy Fund (Deliberate Capital).
Malaysia’s JCorp invests $1.74 million into Singapore-based agritech firm Archisen
Malaysia-based state investment firm Johor Corporation (JCorp) Group will invest MYR 8.2 million ($1.74 million) into Singapore-based agritech firm Archisen Pte Ltd. FarmByte, a digital-first agrofood company within the JCorp, has signed a heads of agreement (HOA) with Archisen, proposing the FarmByte investment into Archisen and the establishment of an…
Altara Ventures and Gentree Fund co-lead $3M seed round into Philippine startup Kita
Philippine agritech startup Kita has closed its oversubscribed $3 million seed round with Gentree Fund and Altara Ventures as co-lead investors. With the fundraising proceeds, the firm aims to digitize the agriculture supply chain through big data and artificial intelligence (AI).
Earth Venture Capital backs Treetoscope in the $7M seed funding round
Israel-based irrigation management platform TreetoScope has closed its seed funding round invested by Israeli Champel Capital, Earth Venture Capital, SeedIL, and other strategic investors. The funding will empower the startup to aid with R&D, fuel overall growth, and accelerate commercial agriculture expansion in North America and beyond.
Gobi Partners backs Malaysian agritech startup BoomGrow
Asia-focused venture capital firm Gobi Partners is doubling down on its commitment to Environment, Social and Governance (ESG)-friendly investments through its latest strategic funding into Malaysian agritech startup, BoomGrow’s Pre-Series A Funding Round. The investment is made through the Khazanah Nasional Berhad-backed Gobi Dana Impak Ventures (GDIV)…
Indonesia’s Bank Mandiri collaborates with fisheries startup FishLog to support MSMEs
Bank Mandiri is collaborating with the fisheries startup FishLog to support MSMEs.
