What is eFishery?
eFishery is an Indonesian startup that has developed a smart automatic feeding device for fish and shrimp farmers. This technology allows for remote monitoring and scheduling of feeding times via a smartphone application, leading to increased feed efficiency and improved daily growth rates, thereby multiplying farmer profits. The company's solutions have been deployed across thousands of farms in numerous provinces and cities throughout Indonesia. eFishery is committed to developing products and services that add value to stakeholders in the aquaculture industry and address the significant challenges faced by farmers, driven by a belief that technology is most relevant when it creates tangible impact.
How much funding has eFishery raised?
eFishery has raised a total of $302.5M across 4 funding rounds:
Private Equity
$500K
Series A
$4M
Series C
$90M
Series D
$208M
Private Equity (2015): $500K, investors not publicly disclosed
Series A (2018): $4M led by 500.com and Wavemaker Partners
Series C (2022): $90M supported by Temasek, Sequoia Capital India, and Softbank Vision Fund
Series D (2023): $208M featuring Group 42, Northstar Group, and Softbank Vision Fund
Key Investors in eFishery
Group 42
Group 42 is a leading artificial intelligence and cloud computing technology company based in Abu Dhabi, focusing on AI development across various industries including government, healthcare, and finance. Their investment in eFishery suggests a strategic interest in applying AI to the agricultural technology sector.
Softbank Vision Fund
SoftBank Vision Fund is a global investment fund that supports founders in building market-leading companies through its extensive ecosystem and capital resources, with a particular focus on the transformative power of technology and AI.
Sequoia Capital India
Sequoia Capital India is a prominent venture capital firm that invests in early-stage and growth-stage companies across various sectors in India and Southeast Asia, known for backing transformative technology businesses.
What's next for eFishery?
With a major strategic investment and a substantial total funding amount of $302.5M, eFishery is well-positioned for its next phase of growth and expansion. This significant capital infusion, particularly the recent $208M round, suggests a scaling or market expansion phase, likely enabling the company to further enhance its technological offerings, broaden its geographical reach within Indonesia and potentially beyond, and solidify its market leadership in the smart aquaculture technology space. The company's focus on impact-driven technology indicates a continued commitment to innovation that benefits farmers and the broader aquaculture ecosystem.
See full eFishery company page
