EdenFarm, Indonesia's leading agritech platform, secured $13.5 million in a Pre-Series B funding round led by TMI, aiming to enhance its B2B food supply chain solutions and support local farmers.
Target Information
EdenFarm, Indonesia's foremost agritech platform, has recently secured $13.5 million in its Pre-Series B funding round. Founded in 2017, the startup is dedicated to transforming the B2B food supply chain in Indonesia by employing technology to enhance farm-to-table sustainability and boost profitability for local farmers. The company operates across Java, catering to more than 50,000 B2B clients, including culinary small and medium enterprises (SMEs), the hospitality sector (HORECA), and startup partners.
Under the leadership of CEO David Setyadi Gunawan, EdenFarm aims to create a robust food ecosystem that not only supports farmers but also optimizes the efficiency of food distribution in the country. The funds raised in this latest round will be utilized to deepen partnerships with key farming stakeholders throughout Indonesia, thereby addressing pressing food security issues while enhancing customer experiences through tech-based solutions.
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Industry Overview
Indonesia's agricultural sector is vital to its economy, employing a significant portion of the population and contributing substantially to national GDP. The industry is characterized by its traditional practices, which often lead to inefficiencies and challe
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Transaction Size: $14M