Indonesian IoT startup eFishery gets pre-Series A funding
eFishery, a smart fish feeder manufacturer based in Indonesia, has announced a pre-series A funding round from Aqua-spark, a Utrecht-based aquaculture investment fund and Indonesian VC Ideosource. The funding amount remains undisclosed.
eFishery will use the capital to engage distributors, find local partners and expand its market share aggressively in Indonesia. The firm will also implement a rental model in which farmers can rent the products and pay monthly or even make payments after harvesting time, making it easier for small-scale farmers to adopt the startup’s tech.