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HomeStartup InsightIndonesia based Semaai Raises US$4.7 Mn in Pre-Series A Round

Indonesia based Semaai Raises US$4.7 Mn in Pre-Series A Round

Indonesian agritech startup Semaai has Raised US$4.7 Mn in Pre-Series A Round through a combination of equity and debt led by CyberAgent Capital (Japan), bringing its total funding to US$7.6 million. As well as new investors, including Sumitomo Corporation, Heracles Ventures, Ruvento Ventures, and MyAsiaVC.

Indonesian agritech startup Semaai has Raised US$4.7 Mn in Pre-Series A Round through a combination of equity and debt led by CyberAgent Capital (Japan), bringing its total funding to US$7.6 million. As well as new investors, including Sumitomo Corporation, Heracles Ventures, Ruvento Ventures, and MyAsiaVC.

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Additionally, Semaai express our deep appreciation for the unwavering support from Surge, Accion Venture Lab, BEENEXT, and XA Network. The entire Semaai team is honored by the backing of globally renowned tech and social impact investors. Their commitment aligns with Semaai mission to revolutionize Indonesian agriculture.

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Semaai plan to deploy the new funds to collaborate with our fintech partner, providing advanced fintech solutions for the agriculture sector. Additionally, Semaai’s aim to strengthen our presence in Java and expand our digital agronomy advisory service.

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“With the new funding, our company will collaborate with financial institutions and fintech providers to expand our embedded fintech solutions, having already doubled Semaai’s total transaction volume in the last 12 months. This is part of our goal to provide an integrated digital ecosystem that addresses disruptions in the supply chain and fills knowledge gaps for Indonesia’s agri-retailers and smallholder farmers,” said Muhammad Yoga Anindito, Co-Founder and CEO of Semaai.

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About Semaai

Founded in 2021, Semaai is a ‘farmer-first’ company, building a comprehensive end-to-end agri-tech solution to help farmers and rural Agricultural-shop-owners in Indonesia to maximize their earning potential and gain access to better financing, services, and new markets. The services are offered through a growing network of Semaai Tani Centers in partnership with Toko Tanis (agri-retailers). Semaai’s Vision is backed by some of the most renowned technology-Investors and Angels – Surge, Sequoia Capital India’s rapid scale-up program, and Beenext.

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