AgriTech

Eratani, an Indonesia-based agritech firm, has on Monday announced a further $2 million seed extension funding round, bringing the total seed funding to $5.8 million. The round sees participation by SBI Ven Capital through its joint fund with Kyobo Securities and NTUitive, Genting Ventures, Orvel Ventures & Ascend Angels.

Indonesia’s aquaculture company eFishery has successfully raised $200 million in its Series D funding round, propelling the company’s target to expand Indonesia’s aquaculture farming community and increase fish feed and fresh fish transaction on its platform.

Singapore-based agtech firm Nutrition Technologies has on Monday welcomed Bunge Ventures, the for-profit principal investing arm of Bunge, a leading global agribusiness, food, feed and ingredients company, as an investor.

Swiss impact investor responsAbility has raised $106 million for its climate-smart agriculture and food fund that will invest in Asia Pacific, Latin America and Africa.

Wavemaker Impact, Breakthrough Energy Ventures (BEV), GenZero, and Singapore’s Temasek have announced the launch of Rize, their new agri-tech startup to decarbonize rice cultivation in Southeast Asia and the rest of Asia.

Malaysian regulator the Securities Commission Malaysia (SC) is encouraging wider adoption of financial technology (fintech) in agriculture in order to help in achieving the country’s food security agenda.

The agrifoodtech startup ecosystem in India mirrored the global slump in venture capital funding in 2022, with funding dropped 33 percent to $2.4 billion in 2022, from $3.6 billion in 2021, a report showed last week.

Aerodyne’s plan to raise Series C round also comes after its bridging round in September last year.

Foodland Ventures, the VC & Accelerator built for AgriFood Tech founders, has officially kicked off its third accelerator cohort intake.

If the deal goes through, the start-up is set to join Indonesia’s growing list of tech unicorns.