Semaai

History

2024: Raising $4.7 million in investments

In early January 2024, it became known that the Indonesian agrotechnological startup Semaai held a funding round for $4.7 million. Financial support, among others, was provided by the Ruvento Foundation, founded by Russians.

Semaai is a company focused on farmers. She develops comprehensive solutions that help entrepreneurs maximize their potential income. Through a growing network of service centers, Semaai provides a full range of agricultural services such as one-on-one counseling, productivity tools, and various resources such as seeds and fertilizers.

Indonesian agrotechnological startup Semaai holds $4.7 million funding round

The Ruvento Foundation, founded in 2012, is based in Singapore. It invests in artificial intelligence, machine learning, bioengineering, transportation, the Internet of Things, additive manufacturing and other technologies. In addition to Ruvento, funds to develop Semaai were provided by CyberAgent Capital, Sumitomo Corporation Equity Asia, MyAsiaVC, Heracles Ventures and former investors such as Peak XV Surge, Accion Venture Lab and Beenext. In total, as of the beginning of January 2024, Semaai received $7.6 million.

Semaai said in a statement that the money will go towards expanding advisory services on agronomy, developing cooperation with fintech institutions and strengthening its presence in Central Java. More than 8,200 villages are located in this region, and by the end of 2024 Semaai expects to cover about 75% of these settlements.

Our goal is to create an integrated digital ecosystem that addresses supply chain disruptions and fills knowledge gaps for Indonesian agroretailers and small farmers, says Muhammad Yoga Anindito, co-founder and CEO of Semaai.[1]

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