Indonesian agritech startup Semaai has raised US$4.7 million in pre-series A funding led by CyberAgent Capital, with participation from Sumitomo Corporation Equity Asia, Ruvento, MyAsiaVC, Heracles Ventures, and several existing backers.

This comes after Semaai recorded a 15x increase in net revenue in the last 12 months. It plans to use the funding to expand its advisory services, collaborate with fintech institutions, and increase its footprint in Central Java.