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The company raises about USD 13.1 million in funding
The Indonesia-based start-up Jala Tech has just completed a series A funding round of USD 13.1 million. With this funding, Jala is determined to strengthen the shrimp cultivation industry in its country. Apart from that, Jala also plans to expand its operations in several regions in Indonesia, including Sumatra, Sulawesi and Nusa Tenggara, three regions with unique potential for the growth of the shrimp farming industry.
Jala Tech uses proprietary hardware and data platforms to transform the shrimp aquaculture business into a more sustainable industry. This series A funding round was led by Intudo Ventures, the only VC firm that exclusively invests in Indonesia, with the participation of SMDV, a VC company focusing on technology companies.
Jala also has support from existing investors as Mirova, an investment manager that focuses on sustainable investment, and Meloy Fund, an investment fund that focuses on the fisheries and seafood sector.
“Paving the way to a sustainable future for Indonesia’s shrimp industry is at the heart of Jala’s mission. With the backing of Intudo and SMDV, we are more thrilled than ever to amplify our efforts. This funding will enable us to bring our end-to-end shrimp farming solution to remote areas in Indonesia and equip local farmers with the technological and financial support they need in advancing the country’s shrimp production,” said Liris Maduningtyas, Co-Founder and CEO of the company.
For his part, Patrick Yip, Founding Partner of Intudo Ventures, expressed his enthusiasm: “As the world’s fourth-largest producer of shrimp, Indonesia plays a critical role in the global seafood supply chain. With the continued evolution of the country’s shrimp industry, the demand for modern cultivation solutions has risen in tandem. Jala’s suite of digital solutions helps farmers create tangible economic value, increasing farming yields, and leading to more sustainable cultivation practices—bringing Indonesian shrimp to global markets. We’re excited to support Jala in their mission to digitize and strengthen shrimp farming in Indonesia.”
20,000 users, 15,700 tons of shrimp and 35,300 ponds
Founded in 2017, Jala is a digital ecosystem enabler for the shrimp industry value chain, providing comprehensive end-to-end solutions to streamline the shrimp farming process—improving productivity, efficiency, and sustainability.
Jala provides farmers with a suite of advanced technology services, including data-driven aquaculture analysis and integrated multiparameter water quality monitoring device, as well as access farm assistance, farm financing, high quality supplies and inputs, and marketplace services to bring harvest to market.
Jala has made a significant impact in the shrimp industry, gaining trust from over 20,000 users. Through their flagship Jala App, they have monitored over 15,700 tons of shrimp across more than 35,300 ponds. Additionally, more than 9,900 tons of shrimp have been successfully harvested with their assistance.
Jala has also collaborated with Conservation International in building the first Climate Smart Shrimp, a combined intensification effort with mangrove restoration for traditional shrimp farms.
The company offers too harvest access services to help farmers bring their product to market. Farmers can tap into a streamlined system to bring their harvest to market, complete with fast and secure payment options. This service facilitates easy access to markets, ensuring that farmers receive prompt and fair payment for their produce. Jala also offers farm assistance, which gives farmers the direct guidance and support they need in tackling day-to-day challenges in their farms.
Their approach, they say, integrates cutting-edge technology with practical solutions, positioning Jala as a pivotal player in transforming the aquaculture landscape. “We continue to strive for excellence, driving innovation, and setting new standards in the aquaculture technology space,” they assure.
