How Much Did AgriAku Raise? Funding & Key Investors

AgriAku has successfully raised significant funding through multiple rounds, with notable investors such as Ascent Venture Group and Argor Capital. The platform offers a comprehensive suite of services, including the AgriAku App, an integrated distribution network, and plastic mulch for crop cultivation.

Keep reading to explore the intricacies of AgriAku's fundraising journey and the investors backing this innovative agribusiness technology company.

What Is AgriAku?

AgriAku, founded in May 2021, is a technology-based agribusiness company located in Jakarta, Indonesia. The company was established by Danny Handoko and Irvan Kolonas.

Operating within the agriculture, AgTech, and B2B sectors, AgriAku employs between 101-250 people. The company acts as a distribution bridge for farmers, partners, and producers, offering full-stack agriculture services through its apps.

AgriAku has partnered with over 23,390 partners across Indonesia, providing agricultural production facilities that can be easily ordered through their application. Their services include searching for goods, recording goods, and checking stock, aiming to simplify and enhance the farming process.

How Much Funding Has AgriAku Raised?

1. Seed Round
   • Amount Raised: $6M
   • Date: March 2022
   • Lead Investors: Argor Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand their distribution network and enhance their technology platforms.
2. Seed Round
   • Amount Raised: Not publicly disclosed
   • Date: December 2021
   • Lead Investors: ARISE
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and better serve farmers and agricultural partners.
3. Series A
   • Amount Raised: $35M
   • Date: July 2022
   • Lead Investors: Alpha JWC Ventures, MDI Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further expand their market reach and improve service offerings.
4. Series A
   • Amount Raised: $5M
   • Date: November 2022
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support growth and expansion efforts.
5. Venture Round
   • Amount Raised: Not publicly disclosed
   • Date: January 2024
   • Lead Investors: Ascent Venture Group, Argor Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance technology platforms and scale operations.

Total Amount Raised: $46M

Current Valuation: Not publicly disclosed

Key Investors

• Ascent Venture Group
  • Details: Ascent Venture Group is a prominent investment firm known for backing innovative technology companies. They have a strong presence in the venture capital landscape.
  • Investment Focus Areas: Technology, Healthcare, Fintech
  • Notable Investments: Not publicly disclosed
• Argor Capital
  • Details: Argor Capital is a venture capital firm that invests in early-stage companies with high growth potential. They are known for their strategic investments in the agribusiness sector.
  • Investment Focus Areas: Agribusiness, Technology, B2B
  • Notable Investments: AgriAku
• Alpha JWC Ventures
  • Details: Alpha JWC Ventures is a Southeast Asia-focused venture capital firm. They have a strong track record of investing in high-growth startups across various sectors.
  • Investment Focus Areas: Fintech, E-commerce, SaaS
  • Notable Investments: Not publicly disclosed
• MDI Ventures
  • Details: MDI Ventures is a corporate venture capital initiative by Telkom Indonesia. They focus on investing in technology startups that can synergize with Telkom's business units.
  • Investment Focus Areas: Technology, Telecommunications, Digital Services
  • Notable Investments: Not publicly disclosed
• ARISE
  • Details: ARISE is a venture capital firm that supports early-stage startups in Southeast Asia. They aim to empower entrepreneurs with the resources and network needed to scale their businesses.
  • Investment Focus Areas: Technology, Startups, Innovation
  • Notable Investments: Not publicly disclosed

What's Next for AgriAku?

AgriAku's recent $5 million Series A funding extension highlights the significant opportunities available for the company. This financial boost will enable AgriAku to scale its operations and enhance its platform, positioning it well to capitalize on the growing interest in B2B marketplaces for farmers in Indonesia.

With substantial backing from investors, AgriAku is poised for future fundraising opportunities. The successful extension of their Series A round suggests that the company may continue to attract investment, further supporting its growth and expansion efforts.

However, AgriAku may face challenges such as market competition and regulatory hurdles. Efficiently scaling operations to meet investor expectations will be crucial for the company's continued success. Despite these potential obstacles, the outlook for AgriAku remains positive, with strong investor confidence and a clear path for future growth.

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