The agritechs are agritech-ing. Eratani, the Indonesian agritech startup that supports farmers with end-to-end solutions, just raised an additional $2M seed!

• Scoop: They raised a $3.8M seed last December, which brings their total seed funding to $5.8M!

Investor check. The seed extension round was led by SBI Ven Capital (through its joint fund with Kyobo Securities and NTUitive). 

• Genting Ventures, Orvel Ventures, and Ascend Angels also joined in!

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🪙 They’re sowing it

They help farmers access capital, get quality supplies (seeds, fertilizers, insecticides), and sell their goods to a fair market. 

• Farmers get trapped paying off debt interest, but microfinancing can help ease their burden. 
• Eratani works with local banks (BNI and Nobu bank) and fintechs (Koinworks) to lend $$$.  

Some more detail. They also collect field data and statistics for farmers to run their business more efficiently.

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🧑‍🌾 The big picture

Eratani currently works with 20,000 farmers across the country. And they’re actually partners with some government agencies to achieve local food security!

• Scoop: They’re linked with the Agricultural Ministry of Indonesia and Indonesian State Logistics of Indonesia!

A look at the ecosystem. Indonesia’s a highly agricultural nation with agri-focused startups like eFishery, Amartha, and EdenFarm present in the mix. 

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🌱 Growing their roots

With the fresh $$$, they’re going to expand their market reach and improve their efficiency.