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Indonesian tech startup raises US$13.1M for shrimp farming software
November 27, 2023 By Seyitan Moritiwon
JALA, an Indonesian shrimp farming solution company, has raised a US$13.1 million Series A round of financing.
JALA is an “all-in-one” digital ecosystem designed to provide farmers shrimp farmers with real-time data solutions for cultivation management, including in-depth aquaculture analysis, farm assistance and financing. The software is said to collect more than 40 cultivation parameters in one application on both desktop and mobile.
The company’s series A funding was led by Intudo Ventures, with participation from Sinar Mas Digital Ventures and existing investors Mirova and Meloy Fund (Deliberate Capital). With this round of financing, the company plans to scale up its operations across key regions of Indonesia.
“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 in advancing the country’s shrimp production,” said Liris Maduningtyas, Co-founder and CEO, JALA.
Patrick Yip, Founding Partner, Intudo Ventures said Indonesia is the world’s fourth-largest producer of shrimp and plays a critical role in the global seafood supply chain.
“With the continued evolution of the country’s shrimp industry, the demand for modern cultivation solutions has risen in tandem. JALA’s suite of digital solutions helps farmers create tangible economic value, increasing farming yields, and leading to more sustainable cultivation practices—bringing Indonesian shrimp to global markets. We’re excited to support JALA in their mission to digitize and strengthen shrimp farming in Indonesia,” said Yip.
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