Semaai Secures $4.7 Million Funding to Strengthen Agritech Footprint and Financial Solutions

Indonesian agritech startup Semaai has successfully secured $4.7 million in a pre-series A funding round, with CyberAgent Capital leading the investment. This funding round brings Semaai’s total raised funds to $7.6 million. The startup aims to utilize these funds to establish partnerships with fintech institutions, concentrating on advanced financial solutions to bolster the agricultural community.

In addition to financial collaborations, Semaai has plans to extend its presence in Central Java, with a goal to cover 75% of the region’s villages by the conclusion of 2024. The funding round saw participation from Sumitomo Corporation Equity Asia, Ruvento, MyAsiaVC, and Heracles Ventures.

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Semaai’s strategic objectives also encompass the enhancement of its agronomy advisory services, providing essential insights into crop management, pests, and diseases. The company highlights a notable fifteen-fold increase in net revenue and significant user base expansion. The Toko Tani marketplace has doubled its user count, and the adoption rate of the advisory feature has surged eightfold over the past six months.