Eratani Closes US $3.8 Million in Seed Funding to Grow Platform-Based Ecosystem for Farmers
Eratani, an Indonesia-based agritech startup that provides end-to-end farm management solutions for local farmers, announces the close of their oversubscribed US$3.8M seed funding round led by Singapore-based VC firm TNB Aura and with commitments from AgFunder, Trihill Capital, and B.I.G. Ventures.
In a press statement, Eratani said that with the new funding, it aims to further scale its operations as they continue to digitise agricultural processes, perfect its farming management programs to best suit farmers’ needs, strengthen the team’s core operations, and expand to new areas in Indonesia.
Eratani will also be maximising its ongoing collaborations with the government. Through their involvement with the Ministry of Communications and Informatics’ Startup Studio Indonesia and through their partnership with the Agricultural Ministry of Indonesia and the Indonesian State Logistics Agency (BULOG), the team is set to receive further support in developing Indonesia’s agricultural ecosystem, strengthening their mission to enable food independence in Indonesia.
Photo courtesy of Aulia Erlangga/CIFOR.
Source: e27 (link opens in a new window)
- Categories
- Agriculture, Technology
- Tags
- agtech, food security, startups
