Here’s Semaai. They’re an Indonesian startup that helps farmers and agri-retailers (called toko tanis) maximize their earnings. And they just raised $4.7M Pre-Series A in a mix of equity and debt financing!

• The firm claims they’ve increased their net revenue 15x in the last 12 months. 

Who cashed in? CyberAgent Capital the round, while Sumitomo Corporation Equity Asia, Ruvento, MyAsiaVC, Heracles Ventures, Peak XV's Surge, Accion Venture Lab, and BEENEXT joined in!

• They raised $1.65M in a bridge round in February 2023. 

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🌱 The ABCs of Semaai

Through their network of Semaai Tani Centers (which are partnered with local toko tanis), smallholder farmers can access customized consultancy services,  productivity tools like soil testing, and agricultural inputs like seeds and fertilizers. 

• Using Semaai, toko tanis can access credit facilities and stock the right products that farmers need. 
• Semaai can purchase farmer produce and sell them to buyers across Indonesia. Oh, and the app also provides farmers access to educational content on agricultural best practices.

Bridging offline and online. For farmers with limited smartphone access, toko tani owners can share agricultural best practices in person to help them improve their crop productivity!

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💳 Money on my mind

They’ll use the $$$ to expand their advisory services to agri-retailers and farmers and collaborate with fintech providers to offer advanced solutions.

• Watch out, Central Java! Semaai plans to cover 75% of the province’s villages by the end of the year.