Total amount raised
$7.4 Millions
Latest funding date
02/01/2024
Location
Eratani has successfully raised $6.2 million in a Series A funding round, backed by AgFunder, Clay Capital, and other investors. The company offers integrated agricultural solutions through its platforms EraFarm, EraKios, and EraMarket.
Keep reading to explore the intricacies of Eratani's fundraising journey and the investors backing this innovative platform.
What Is Eratani?
Eratani, founded in 2021, is an Indonesian agri-tech company headquartered in Jakarta. The company operates within the agriculture, agri-tech, information services, and supply chain management industries. It was established by Andrew Soeherman and Kevin Juan Laksono.
With a workforce of 101-250 employees, Eratani aims to revolutionize the agricultural sector by providing integrated solutions that enhance productivity and welfare. Their services include farm management, kiosk management, and sales management, all designed to support farmers and improve national food security.
How Much Funding Has Eratani Raised?
- Pre-Seed Round
- Amount Raised: IDR23B
- Date: June 2022
- Lead Investors: Trihill Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Eratani's integrated agricultural solutions.
- Seed Round
- Amount Raised: $3.8M
- Date: December 2022
- Lead Investors: TNB Aura
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Eratani's mission of transforming the agriculture industry through technology.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: December 2022
- Lead Investors: Startup Studio Indonesia
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To gain strategic support and resources for scaling operations.
- Seed Round Extension
- Amount Raised: $2M
- Date: July 2023
- Lead Investors: SBI Ven Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and expand Eratani's agritech solutions.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: February 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance food security and increase rice production across Indonesia.
Total Amount Raised: $5.8M
Current Valuation: Not publicly disclosed
Key Investors
- AgFunder
- Details: AgFunder is a venture capital firm that invests in agri-tech companies. They aim to support startups that are innovating in the agricultural sector.
- Investment Focus Areas: Agri-tech, foodtech, sustainability.
- Notable Investments: Eratani, Brightseed, Trace Genomics.
- Clay Capital
- Details: Clay Capital is an investment firm that has shown interest in the agri-tech sector. They are known for their strategic investments in emerging markets.
- Investment Focus Areas: Agri-tech, technology, emerging markets.
- Notable Investments: Eratani.
- SBI Ven Capital
- Details: SBI Ven Capital is a venture capital firm that is part of the SBI Group, a financial services company based in Japan. They focus on investments in various technology-driven sectors.
- Investment Focus Areas: Fintech, agritech, technology.
- Notable Investments: Eratani, Ripple, Grab.
- TNB Aura
- Details: TNB Aura is a venture capital firm that invests in technology and innovation. They aim to support startups that have the potential to disrupt traditional industries.
- Investment Focus Areas: Technology, innovation, startups.
- Notable Investments: Eratani, Carro, Qoala.
- Trihill Capital
- Details: Trihill Capital is a venture capital firm that focuses on early-stage investments. They are known for their strategic support to startups in various sectors.
- Investment Focus Areas: Early-stage investments, technology, innovation.
- Notable Investments: Eratani.
What's Next for Eratani?
With its recent $5.8 million seed funding, Eratani is poised to transform Indonesia's agricultural sector. The company aims to improve efficiency and sustainability, addressing inefficiencies in logistics and reducing the number of middlemen. This presents a significant opportunity, given that agriculture contributes 13% to Indonesia's GDP and employs nearly 29% of its workforce.
Investor confidence in Eratani suggests that future fundraising opportunities are likely. As the company scales its operations and achieves milestones, it may attract additional investment or even become an acquisition target. However, challenges such as technological adoption by farmers and market competition remain hurdles that Eratani must navigate to sustain its growth trajectory.
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