The Jala team / Photo credit: Jala
Jala, an Indonesia-based aquatech startup, has raised US$13.1 million in a series A round led by Intudo Ventures, with participation from Sinar Mas Digital Ventures as well as existing investors Mirova and Meloy Fund.
The funding will help Jala improve its platform with more in-depth predictions for cultivation performance, water quality, and shrimp disease. It also aims to boost its automated data input capabilities for shrimp weight and feed data.
Founded in 2017 by Aryo Wiryawan and Liris Maduningtyas, Jala’s app enables farmers to record, monitor, and analyze their shrimp farm activities in real time. The firm said that so far, it has helped monitor shrimp across more than 35,000 water bodies for its nearly 20,000 users
The company also offers a credit scoring service, Jala Smartfarm, which gives farmers access to financing options. Meanwhile, its Jala Harvest offering helps farmers bring their products to market.
Indonesia is one of the top shrimp producers in the world, highlighting the importance of aquatech startups in the country. Another local aquatech firm, eFishery, raised a total of US$200 million in series D funding earlier this year.
See also: Khazanah backed out as anchor investor in eFishery’s series D round: sources
Editing by Miguel Cordon and Lorenzo Kyle Subido
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