Alpha JWC backs $2m round of Indonesian agritech firm

Beleaf, an Indonesia-based agritech firm, has raised US$2 million in a seed funding round led by Alpha JWC Ventures. The round was also joined by Sembrani Nusantara Fund, which is managed by BRI Ventures, and Arise, a collaborative fund from MDI Ventures and Finch Capital.

(From left) Beleaf’s Jacob Holmes, Kabir Nanwani, Amrit Lakhiani, Moureen Amyrna, David Siregar, and Kiat Boon Lim / Photo credit: Beleaf

Founded in 2019 by Amrit Lakhiani, Beleaf started as a fruits and vegetables brand offering harvests from hydroponic farming systems.

It sells produce such as leafy greens and melons directly to restaurants as well as individuals through supermarkets and ecommerce platforms.

The firm has also developed an operating system that connects IoT devices, data collection, logistics, and scheduling functions of a farm, improving its yields and harvest quality.

Beleaf currently provides its service to 14 farms in West Java with more than 80 hectares of area. These farms generate over 70 tons of fresh produce per month.

See also: The key players in Indonesia’s promising agritech space

The company plans to use the fresh funding to improve its offering, hire more employees, and open more R&D farms in West Java. It also aims to launch a new brand called Seikat, which will target mass-market customers.

Beleaf currently has 60 employees, with most of them working in the farming and tech aspect of the business.