SoftBank’s Vision Fund 2 co-led the seafood farming technology provider's latest round, which also featured Go-Ventures, as Indonesia's aquaculture technology space begins to look outwards.
Indonesia-based aquaculture technology provider eFishery secured $90m yesterday in a series C round co-led by internet and telecommunications group SoftBank’s Vision Fund 2, as money continues to roll into aquaculture technology in Asia.
Temasek and Sequoia Capital India co-led the round, which was filled out by e-commerce and online services group GoTo’s corporate venturing subsidiary, Go-Ventures, as well as Northstar Group, Aqua-Spark and Wavemaker Partners.
Founded in 2013, eFishery has developed software that helps shrimp and fish farmers monitor their operations, optimising the efficiency of feeding and yield days, which it claims lowers costs and improves income by up to 45%.
The company also provides financial tools such as eFund, which gives fish farmers access to buy now, pay later services to source supplies and tools to reach markets.
Proceeds of the round will be used to scale up eFishery’s platform and grow its engineering and product development teams, with…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
