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AgriTech Semaai raised $4.7 M Pre-Series A funding from CyberAgent Capital

An Indonesian agritech company called Semaai has raised $4.7 million through a combination of debt and equity funding.

This investment round was led by CyberAgent Capital and included participation from new investors, including Heracles Ventures, Ruvento, MyAsiaVC, and Sumitomo Corporation Equity Asia. Semaai stated on Monday in a statement.

Beenext, Accion Venture Lab, Surge from Peak XV, and Semaai’s current investors took part in the funding round as well.

With this most recent round of funding, Semaai’s total funding has now reached $7.6 million following an incredible year of growth.

With the additional funding, Semaai intends to increase the reach of its agronomy advisory service to farmers and agri-retailers, forge partnerships with fintech establishments to offer cutting-edge fintech solutions, and fortify its position in Central Java.

By the end of 2024, Semaai intends to have covered 75% of the more than 8,200 villages in the region.

It is reported that the company’s Toko Tani marketplace user base has doubled in the past year, and its net revenue has increased by more than fifteen times.

Additionally, the majority of Semaai’s active users utilize its advisory feature, which has seen an eight-fold increase in adoption over the past six months.

“With the new funding, our company will collaborate with financial institutions and fintech providers to expand our embedded fintech solutions, having already doubled Semaai’s total transaction volume in the last twelve months,

“This is part of our goal to provide an integrated digital ecosystem that addresses disruptions in the supply chain and fills knowledge gaps for Indonesia’s agri-retailers and smallholder farmers,” said Muhammad Yoga Anindito, Co-Founder and Chief Executive Officer of Semaai.

In order to help farmers and rural micro, small, and medium-sized enterprises (MSMEs) in Indonesia, like toko tanis, maximize their earning potential and gain access to better financing, services, and new markets, Semaai is a “farmer-first” company that builds full-stack agri-tech solutions.

Semaai offers a comprehensive range of agricultural services, including customized consulting, productivity tools, and farming inputs like seed and fertilizer products, through an expanding network of service delivery centers.

 

 

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