BLOG

kindrik partners advises shrimptech startup Jala on US$6m round

Logo_white

share:

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.

explore our other blog posts

post-money convertible notes

Back in 2018, Y-Combinator (YC) updated their core investment instrument and launched what is now known as the post-money SAFE. We analysed the post-money SAFE back in 2020 – see our blog here https://kindrik.co.nz/blogs/a-primer-on-post-money-safes-in-new-zealand/. The main difference between a pre-money and post-money SAFE is that, on conversion, under the pre-money…

Updated Singapore model VC documents

The template documents used in the venture capital ecosystem across Southeast Asia have been updated. Launched by the Singapore Academy of Law and the Singapore Venture & Private Capital Association in 2018, the new VIMA 2.0 documents are available for free to help start-ups. 8 new documents have been added…

kindrik newsletter