Start farming with eFishery!  This Indonesian startup helps fish and shrimp farmers increase productivity through tech. And they just raised $108M in a Series D, according to regulatory filings.

• They serve about 60,000 farmers and around 280,000 ponds.  

Investor check. Abu Dhabi-based 42XFund led the round. SoftBank Vision Fund II and Northstar Group also joined in!

• 🦄 alert. This pushes their post-money valuation to reportedly $1.3B. 
• Big fish! They raised $90M in a Series C last January 2022, the largest funding round for an aquaculture startup in the world.     

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🐟 Cut the carp

Their IoT equipment and app platform allows farmers to detect shrimp diseases and improve pond management. Oh, and you can also receive tips from their farmer network! 

• Their app also helps farmers get the best price for their harvests, so they don’t lose the $$$ to middlemen. 

Financing. The app also connects with financial institutions that help farmers apply for loans (feeding fish is expensive!). 

• Get approved in as fast as 3 days by government-registered creditors. 

Smart feeders. Fish cultivation is a tough business that has high upfront costs–70% to 90% of total farming expenses are related to feeding. 

• eFishery’s automated feeders reduce up to 28% of the costs! 

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🎣 What’s the catch? 

eFishery’s aquaculture tech can help beat food insecurity, which currently affects 349 million people today. 

• Indonesia’s one of the world’s largest producers of fish.
• By creating a fair supply chain, Indonesian farmers and individuals can enjoy a sustainable and steady supply of fishies.