Total amount raised
$372.9 Million
Latest funding date
5/1/2024
Location
eFishery has successfully raised funding over 13 rounds, with the latest being a Debt Financing round. The company is backed by 29 investors, including PT Bank HSBC Indonesia and G42 Expansion Fund.
Keep reading to explore the intricacies of eFishery's fundraising journey and the investors backing this innovative platform.
What Is eFishery?
eFishery is an innovative company based in Bandung, Jawa Barat, Indonesia, specializing in aquaculture, AgTech, farming, and sustainability. The company provides advanced feeding solutions for fish and shrimp farming, aiming to enhance efficiency and productivity in the aquaculture industry.
Founded in an unspecified year, eFishery has grown significantly, now employing between 501 and 1000 people. The company has successfully raised funds through multiple rounds, attracting a diverse group of investors and making strategic acquisitions to bolster its market position.
How Much Funding Has eFishery Raised?
- Debt Financing
- Amount Raised: USD 30,000,000
- Date: May 2024
- Lead Investors: PT Bank HSBC Indonesia
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational and growth needs.
- Series D
- Amount Raised: USD 92,000,000
- Date: July 2023
- Lead Investors: G42 Expansion Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance technological capabilities.
- Series D
- Amount Raised: USD 108,000,000
- Date: May 2023
- Lead Investors: G42 Expansion Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve product offerings.
- Debt Financing
- Amount Raised: IDR 500,000,000,000
- Date: October 2022
- Lead Investors: PT Bank DBS Indonesia
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance financial stability and support growth.
- Series C
- Amount Raised: USD 90,000,000
- Date: January 2022
- Lead Investors: Peak XV Partners, SoftBank Vision Fund, Temasek Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and market expansion.
- Series B
- Amount Raised: USD 15,000,000
- Date: August 2020
- Lead Investors: Argor Capital, Northstar Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operational capacity and market presence.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: January 2019
- Lead Investors: InnoVen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and development.
- Series A
- Amount Raised: USD 4,000,000
- Date: November 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop initial product offerings and market entry.
- Grant
- Amount Raised: Not publicly disclosed
- Date: February 2018
- Lead Investors: GSMA Ecosystem Accelerator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support innovation and technological advancements.
- Non-Equity Assistance
- Amount Raised: EUR 15,000
- Date: February 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To assist with early-stage operational needs.
Total Amount Raised: USD 339,015,000. Current Valuation: Not publicly disclosed.
Key Investors
- PT Bank HSBC Indonesia
- Details: PT Bank HSBC Indonesia is a subsidiary of HSBC, one of the world's largest banking and financial services organizations. The bank has been a lead investor in multiple Debt Financing rounds for eFishery.
- Investment Focus Areas: Financial services, banking, technology, aquaculture
- Notable Investments: Debt Financing for eFishery
- G42 Expansion Fund
- Details: G42 Expansion Fund is an investment fund focused on technology and innovation. It has been a significant investor in eFishery, participating in multiple funding rounds.
- Investment Focus Areas: Technology, innovation, aquaculture, sustainability
- Notable Investments: Recent investment in eFishery
- Peak XV Partners
- Details: Peak XV Partners is a venture capital firm that invests in early to growth-stage companies. It has been involved in eFishery's Series C funding round.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Byju's, OYO, Swiggy
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is one of the largest technology-focused investment funds globally. It participated in eFishery's Series C funding round.
- Investment Focus Areas: Technology, telecommunications, artificial intelligence
- Notable Investments: Uber, WeWork, Arm Holdings
- Temasek Holdings
- Details: Temasek Holdings is a Singaporean investment company with a diverse portfolio. It has invested in eFishery's Series C funding round.
- Investment Focus Areas: Financial services, telecommunications, media, technology
- Notable Investments: Alibaba, DBS Bank, Singapore Airlines
What's Next for eFishery?
eFishery's recent $30 million working capital loan from HSBC opens up significant opportunities for expansion. With plans to ramp up US exports and enter the Indian market, the company is poised for substantial growth. This financial boost will likely pave the way for future fundraising rounds to support these ambitious initiatives.
However, the path ahead is not without challenges. Managing rapid expansion and navigating international markets will require strategic planning and robust execution. Additionally, competition within the aquaculture technology sector remains fierce, necessitating continuous innovation and adaptation.
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