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.
Investor check. Abu Dhabi-based 42XFund led the round. SoftBank Vision Fund II and Northstar Group also joined in!
🐟 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!
Financing. The app also connects with financial institutions that help farmers apply for loans (feeding fish is expensive!).
Smart feeders. Fish cultivation is a tough business that has high upfront costs–70% to 90% of total farming expenses are related to feeding.
🎣 What’s the catch?
eFishery’s aquaculture tech can help beat food insecurity, which currently affects 349 million people today.
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