Indonesia's Eratani raises $3.8M in seed funding to expand its business
Indonesia-based Agri-tech startup, Eratani has announced that it has closed an oversubscribed seed funding round, raising $3.8 million.
Eratani, founded in 2021 by Andrew Soeherman, Kevin Juan Tanggo Laksono, and Angles Gani, is a pioneering agri-tech company that offers a comprehensive farming management program to Indonesian farmers.
By providing one-stop access to agri-financing and input-to-output solutions, Eratani is at the forefront of Indonesia's agricultural digitization efforts, attracting the attention of investors who see the potential for transformative change in this industry.
The round was led by Singapore-based venture capital firm TNB Aura. In a statement, the startup said the funds will be used to continue developing farming management programs that suit farmers' needs, strengthening core operations and expanding into new areas.
Additionally, with this funding, the firm is projected to empower more than 50,000 fostered farmers by the end of 2024, working towards its goal of strengthening and transforming Indonesia into a strong agricultural nation.
Eratani will also continue to work closely with the Indonesian Ministry of Agriculture and the Indonesian State Logistics Agency (BULOG) to develop the agricultural ecosystem and work towards the country's goal of food independence.
