JAKARTA - Fish feeder manufacturer eFishery has raised US$ 4 million from a Series A funding round joined by global investors such as Singapore-based venture capital firms Wavemaker Partners and 500 Startups.
“Ultimately, with this new round of investment, we want to further scale and refine our operating model. We aim to be a platform that connects the entire ecosystem in fish and shrimp farming, creating a more accountable and profitable industry across the region,” said eFishery co-founder and CEO Gibran Hudzaifah as quoted by DealStreet Asia, Tuesday (13/11).
eFishery describes itself as an internet of things (IoT) startup for fish and shrimp farming that provides a smart feeding solution to help farmers make informed decisions about their aquaculture ponds.
The company runs a nationwide operation in Indonesia, with services in 16 provinces and 67 regencies/cities. It also operates pilot projects in Bangladesh, Thailand, and Vietnam. (MS)