Agritech firm Koltiva, located in Indonesia, has received investment from Silverstrand Capital, The Meloy Fund, Planet Rise, Development Finance Asia, and Blue7 for an undisclosed sum.
Koltiva, a company that was founded in 2013, aids agricultural businesses in tracking product movements across their supply chains, from farmers to end customers. Through its network of agronomists, the company also advocates for environmental preservation and offers farming assistance to farmers.
Currently, the firm collaborates with 700,000+ manufacturers across 27 nations. Beginning with cocoa goods, it has now grown to include 30 different products, including coffee, palm oil, rubber, seaweed, and shrimp.
Manfred Borer, who presently serves as the organization’s CEO, has previously worked on agricultural projects in Indonesia for the non-profit Swisscontact, which has its headquarters in Switzerland.
The company announced that it intends to utilize the new capital to continue building KoltiPay, a fintech platform featuring payment, insurance, and loan capabilities, as well as KoltiTrade, a market for agricultural products and harvests.