Eratani, an Indonesian agricultural technology company, has raised $6.2 million in a Series A funding round that was led by Clay Capital.
TNB Aura, SBI Ven Capital, AgFunder, Genting Ventures, and IIX also participated in the round, according to a statement released by Eratani last Thursday.
In addition to directly assisting the government’s expedited goal of attaining national rice self-sufficiency by 2027, a top priority for the Prabowo administration, the raise highlights investor confidence in Eratani’s capacity to revolutionize Indonesia’s rice industry, the statement said.
Eratani will implement cutting-edge technologies like precision farming instruments, on-farm automation, and sustainable farming methods more quickly with this new funding.
Along with advancing Indonesia’s larger climate and sustainability objectives, these innovations seek to increase productivity and profitability even more.
“At Eratani, we’re proving that economic and social impact can go hand-in-hand with
environmental sustainability,
“Our focus isn’t on rapid expansion but on building a robust foundation that allows us to scale strategically, creating long-term value for farmers and the agricultural ecosystem while supporting Indonesia’s food security goals,” said Andrew Soeherman, Eratani’s Co-founder and Chief Executive Officer.
Eratani is an integrated agricultural technology company that was founded in 2021 with the goal of enhancing farmer welfare via creative thinking and technology-driven methods.
The company helps farmers increase productivity and long-term sustainability by supporting their access to capital, expertise, premium agricultural inputs, and market opportunities.
It promotes resilience and efficiency throughout the industry by creating a smoothly integrated ecosystem that spans the whole agricultural value chain, from upstream to downstream.
With its end-to-end platform for smallholder rice farmers, Eratani has shown impressive results since its inception.
With the help of the company, more than 34,000 farmers in Java and Sulawesi now have formal financing available to them for the first time.
Its position in the agricultural value chain has been reinforced by partnerships with 70 rice milling facilities and 600 agricultural kiosks.
It has enhanced cultivation on more than 13,000 hectares of rice fields, increasing farmer incomes by 25% and yields by 29% on average in 2024.
Additionally, the company produced more than 112,000 tons of grain and rice, enhancing the country’s food security.
The core issues facing Indonesia’s rice industry are addressed by Eratani’s strategy, which unites previously disparate stakeholders and offers all-encompassing assistance throughout the farming cycle.
