Total amount raised
$372.9 Millions
Latest funding date
Location
Title
eFishery has successfully raised significant funding through various rounds, attracting a diverse group of investors. The company specializes in providing innovative feeding solutions for fish and shrimp farming.
Keep reading to explore the intricacies of eFishery's fundraising journey and the investors backing this transformative platform.
What Is eFishery?
eFishery, founded in 2013, is an innovative aquaculture technology company based in Bandung, Jawa Barat, Indonesia. The company was established by Chrisna Aditya, Gibran Huzaifah, and Muhammad Ihsan Akhirulsyah.
Specializing in smart feeding solutions, eFishery aims to enhance productivity and sustainability in fish and shrimp farming. Their technology includes a cloud-based dashboard and data platform that supports farmers in optimizing their operations.
With a workforce of 501-1000 employees, eFishery continues to grow and make significant strides in the aquaculture industry.
How Much Funding Has eFishery Raised?
- Series A
- Amount Raised: $4M
- Date: November 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2019
- Lead Investors: InnoVen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support working capital needs.
- Series B
- Amount Raised: $15M
- Date: August 2020
- Lead Investors: Argor Capital, Northstar Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve technology.
- Series C
- Amount Raised: $90M
- Date: January 2022
- Lead Investors: Peak XV Partners, SoftBank Vision Fund, Temasek Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance product development.
- Debt Financing
- Amount Raised: IDR500B
- Date: October 2022
- Lead Investors: PT Bank DBS Indonesia
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expansion.
- Series D
- Amount Raised: $108M
- Date: May 2023
- Lead Investors: G42 Expansion Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale up production and enter new markets.
- Series D
- Amount Raised: $92M
- Date: July 2023
- Lead Investors: G42 Expansion Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand market presence and technological capabilities.
- Debt Financing
- Amount Raised: $30M
- Date: May 2024
- Lead Investors: PT Bank HSBC Indonesia
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund expansion plans with a focus on sustainability.
eFishery has raised a total of $339M. The current valuation is Not publicly disclosed.
Key Investors
- PT Bank HSBC Indonesia
- Details: PT Bank HSBC Indonesia is a subsidiary of HSBC, one of the world's largest banking and financial services organizations. It provides a wide range of financial services in Indonesia, including retail banking, wealth management, and commercial banking.
- Investment Focus Areas: Financial services, banking, investment management.
- Notable Investments: Not publicly disclosed.
- G42 Expansion Fund
- Details: G42 Expansion Fund is a venture capital fund focused on investing in technology and innovation-driven companies. It aims to support businesses that leverage advanced technologies to drive growth and transformation.
- Investment Focus Areas: Technology, innovation, growth-stage companies.
- Notable Investments: Not publicly disclosed.
- Peak XV Partners
- Details: Peak XV Partners is a venture capital firm that invests in early to growth-stage companies across various sectors. The firm is known for its strategic support and extensive network.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Byju's, OYO, Swiggy.
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is one of the largest technology-focused venture capital funds globally. It invests in companies that are driving the next wave of innovation.
- Investment Focus Areas: Technology, artificial intelligence, robotics.
- Notable Investments: Uber, WeWork, Arm Holdings.
- Temasek Holdings
- Details: Temasek Holdings is a Singaporean investment company with a diverse portfolio spanning various industries and geographies. It focuses on sustainable long-term value creation.
- Investment Focus Areas: Financial services, telecommunications, consumer products.
- Notable Investments: Alibaba, DBS Bank, Singapore Airlines.
What's Next for eFishery?
eFishery's future looks promising with the $30 million green and social loan from HSBC Indonesia. This funding will enable the company to expand its operations, particularly targeting the US and Indian markets. The opportunities for growth are substantial, given the increasing global demand for sustainable aquaculture solutions.
As eFishery scales up, it may seek additional funding to support its ambitious expansion plans. However, the company will need to navigate the complexities of entering new markets and effectively manage the loan to ensure sustainable growth. Adhering to the conditions of green and social loans will also be crucial for their continued success.
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