Agritech

$2.25M to solve shrimp farming challenges

April 28, 2023
Tepbac

Meet Tepbac! Tepbac offers an IoT-enabled hardware and data system for shrimp farmers. Oh, and they also have an aquaculture media platform. 

  • They’ve just raised $2.25M in pre-Series A funding. 
  • Aqua-Spark, AgFunder and Son-Tech Investment joined the round. 

🧑‍🌾 Farmer focused

Founded in 2012, they started as an aquaculture media platform. Need to know the latest news on seafood prices? They’ve got you covered. 

Introducing hardware. They started their new business line Farmext — the hardware and software help farmers reduce the risks involved in their shrimp farming operations. 

  • They automate feeding through a remote controlled feeder, monitor water quality, and help farmers track data to save labor and energy costs! 

Tepbac has served 1,500 farms of all sizes. This includes small and large farms, as well as shrimp processing plants and governmental entities! 

🦐 Lots of shrimp

Did you know? Southeast Asia is the largest shrimp producer in the world. Shrimp farming has been one of the most profitable food systems in SEA. 

It’s not just about shrimp farming though. So many shrimp-related activities are part of the value chain! This includes equipment, pharmaceuticals, chemicals, transport, R&D. 

  • Worldwide, this supports at least 2.5M direct jobs. Imagine how many more jobs and indirectly related! 

🦠 Shrimp farming pains

Diseased. Viral, bacterial and fungal diseases are common pains in the industry. 

  • But this is a problem with no silver bullet.
  • Despite measures, diseases evolve and outbreaks can still happen. 

The environment. Environmental concerns are also a major pain point. 

  • Water quality is not what it used to be. It’s become much harder to raise healthy shrimp. 

Input costs. The price of feed also impacts farmers’ livelihoods. Rising cost of raw materials and fuel have raised their costs to run shrimp farms.

Know Southeast Asian tech in minutes.

The newsletter that keeps you up-to-date on the top stories on tech and business in Southeast Asia. It's fun, quick and free.
You're now subscribed to BackScoop. See you in your inbox!
Oops! Something went wrong while submitting the form.

Know Southeast Asian tech in minutes.

The newsletter that keeps you up-to-date on the top stories on tech and business in Southeast Asia. It's fun, quick and free.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.