Tuesday
October 18
2022

Indonesian Farming Startup Beleaf Raises $2 Million Seed Funding Led by Alpha JWC Ventures

Indonesian smart farming startup Beleaf announced Monday its recently closed Seed funding of $2 million led by Alpha JWC Ventures, with participation from BRI Ventures’ Sembrani Nusantara, MDI-Finch Capital’s Arise, and several prominent angel
investors.

Beleaf said in a statement with this fresh Seed funding, the firm will focus on improving its technology, building a robust team, and doubling down on its resources, including opening more research and development (R&D) farms and building more farming communities in West Java.

Besides its farming as a service side, the firm is also expanding its inhouse brand by adding a new mass-market brand, Seikat, to its existing premium one (under the same brand name “Beleaf”), and adding more varieties to its lineup.

Founded in 2019 by Amrit Lakhiani, Beleaf is a smart farming company that aims to use its agricultural expertise and technology to improve the yields and productivity of local farmers and ultimately, improve the livelihoods of farmers across Indonesia.

Photo courtesy of Aulia Erlangga/CIFOR.

Source: TechNode Global (link opens in a new window)

Categories
Agriculture, Investing, Technology
Tags
agritech, farming, financial inclusion, impact investments