Shrimp tech platform raises USD 13 million investment to strengthen farming in Indonesia
Indonesian aquaculture technology platform, JALA, completed a series A funding round of USD 13.1 million. With this round of funding, JALA is determined to strengthen the shrimp cultivation industry in Indonesia.
Apart from that, JALA also plans to expand its operations in several regions in Indonesia, including Sumatra, Sulawesi and Nusa Tenggara. These three regions have unique potential for the growth of the shrimp farming industry.
This series A funding round was led by Intudo Ventures, the only VC firm that exclusively invests in Indonesia, with the participation of Sinar Mas Digital Ventures (SMDV), a VC company affiliated with the Sinar Mas Group and focused on technology companies. JALA also has support from existing investors, namely Mirova, an investment manager that focuses on sustainable investment, and Meloy Fund, an investment fund that focuses on the fisheries and seafood sector.
“Paving the way to a sustainable future for Indonesia's shrimp industry is at the heart of JALA's mission. With the backing
of Intudo and SMDV, we are more thrilled than ever to amplify our efforts. This funding will enable us to bring our end-to-end shrimp farming solution to remote areas in Indonesia and equip local farmers with the technological and financial support they need to advance the country's shrimp production, said Liris Maduningtyas, co-founder and CEO of JALA.
Founded in 2017, JALA is a digital ecosystem enabler for the shrimp industry value chain, providing comprehensive end-to-end solutions to streamline the shrimp farming process-improving productivity, efficiency, and sustainability. JALA provides farmers with a suite of advanced technology services, including data-driven aquaculture analysis and integrated multi-parameter water quality monitoring device, as well as access farm assistance, farm financing, high-quality supplies and inputs, and marketplace services to bring harvest to market.
The company has made a significant impact in the shrimp industry, gaining the trust from over 20,000 users. Through JALA App, JALA has monitored shrimp across more than 35,300 ponds. JALA has also collaborated with Conservation International in building the first Climate Smart Shrimp, a combined intensification effort with mangrove restoration for traditional shrimp farms.
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Ngày đăng : 17/01/2024
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