1. Startups

JALA Reportedly Receives Additional Series A Round of Funding

Yield Lab Asia Pacific became a new investor in this round, the total funds obtained reached IDR 265,5 billion

Startups aquatech JALA reportedly received additional funding for the series A round. According to regulatory data, citing Alternative.pe, the new investor involved is The Yield Lab Asia Pacific. So currently the total funds raised by the company in the series A round have reached more than $16,3 million or the equivalent of IDR 265,5 billion.

Regarding this additional funding, we have tried to contact the relevant parties, but did not receive a response until this news was published.

JALA series A funding It has started to be raised in 2023, with Intudo Ventures acting as the leader. SMDV, Mirova, and Meloy Fund (Deliberate Capital) also participated. At that time the announced value reached $13,1 million.

As stated previously, the investment will be used to expand operational coverage in Sumatra, Sulawesi and Nusa Tenggara—three regions that have unique potential for the growth of the shrimp farming industry. As well as, strengthening the technology in the JALA App with new features.

Company last time announce funding in November 2021 for $6 million. A number of venture capitalists who focus on impact investing from several countries involved in this round, including The Meloy Fund (managed by Deliberate Capital from the United States), Real Tech Fund (from Japan), and Mirova (from France).

Through a technological approach, JALA is here to provide solutions to farmers in the cultivation, operational, post-harvest and community processes. The services provided include cultivation management applications, water quality measuring devices, distribution services, and learning centers.

According to the sustainability data released, so far there have been more than 186 hectares of ponds with more than 1,4 thousand cultivators utilizing JALA services.

The opportunity for digitalization for efficiency is still wide open. This was stated by JALA Co-Founder & CEO Liris Maduningtyas in discussion session earlier this year.

"So the level of technology adoption into the aquatic industry already exists, but it still needs further penetration among farmers. The goal is that they really get the benefits. "Because technology can always overcome several problems, minimize risks, minimize supply chain costs, etc.," he said.

Apart from JALA, currently Indonesia already has one several startups in this field, including unicorn eFisheries. There are also FishLog, DELOS, and several players who are also trying to work on the maritime sector in Indonesia.

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