Samreen Ahmad · · 1 min readEast Ventures backs $2.7m round of Indonesian climate tech startup
The Jejakin team / Photo credit: Jejakin
Jejakin, a climate tech startup based in Indonesia, has raised US$2.7 million in a funding round joined by Indogen Capital and East Ventures, among others.
Indonesia is among the countries most susceptible to the effects of climate change, such as rising sea levels, harsh weather, and farming disruptions, according to a report from the Asian Development Bank.
Jejakin can mitigate these effects by helping businesses compute their operational emissions, oversee climate actions, and contribute directly to climate change abatement strategies.
Apart from running carbon offset marketplace CarbonSpace, Jejakin also enables business to implement and track sustainability initiatives.
The fresh funds will be used for tech research, development, and market expansion. Since Jejakin was established in 2018 by Arfan Arlanda, Sudono Salim, Andreas Djingga, and Haris Iskandar, it has onboarded clients like Gojek, BCA, and Telkomsel.
Jejakin supports the Indonesian government’s measures to combat climate change, such as setting up a carbon exchange that aims to reduce greenhouse gas emissions for certain sectors such as energy and manufacturing.
See also: Climate tech has a bankability problem, but there are 3 ways to fix that
Editing by Miguel Cordon and Eileen C. Ang
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