kindrik partners advises shrimptech startup Jala on US$6m round
We’re pleased to have advised Jala, an Indonesian aquaculture startup improving the sustainability of the shrimp farming sector, on their recent US$6 million seed round. The round was led by Althelia Sustainable Ocean Fund. Other participants in the round include the Meloy Fund, an American environmental conservation group; and Real Tech Fund, a Japanese deep-tech-focused fund.
Founded in 2015, Jala helps shrimp farmers manage their farm to increase their yield and create a sustainable farm. The proprietary hardware and software platform enables growers to monitor pond conditions, shrimp growth, and gather data for harvest prediction, disease alerts, and more. Additionally, Jala operates a marketplace to connect shrimp farmers to processing companies which allows farmers to become more competitive in the supply chain and increase transparency and product traceability. Today the platform is being used by more than 6,700 farms across Southeast Asia.
Jala intends to use the funds for expansion of the current business, developing its product roadmap, and exploring how they can contribute to sustainable certification standards for shrimp aquaculture.
Chris Wilson, partner at Kindrik Partners, says of the deal “We’re proud to have advised Jala on their recent round. Food sustainability and traceability are becoming increasingly important to today’s consumers and investors and there is a lot of room for innovation in the industry – we can’t wait to see how they grow.”
Read our other recent deal announcements here.