EdenFarm is an Indonesian agritech startup operating in the agriculture-technology sector. The company has completed a $13.5 million pre-Series B financing. The round was led by TMI Ventures, the investment arm of Telkomsel. Other participants named in the article are AppWorks, AC Ventures and Capria Ventures. Capria Ventures joined as a Global South venture capital investor; the article notes this was Capria's second investment in Indonesia after backing sharia fintech firm ALAMI last October. The article does not disclose product specifics, revenue, user metrics or use of proceeds. Eden Farm operates a B2B e-commerce marketplace that replaces middlemen to provide better margins and pricing for both farmers and buyers. The company offers demand forecasts to help farmers plan production and manages fulfillment through five fulfillment centers. Eden Farm works with more than 2,000 farmers in Java and serves over 53,000 customers. The startup says farmers’ incomes in its ecosystem have more than tripled and that it can reduce costs for customers by about 30%. The company plans to expand to 25 cities and eight regencies by the end of 2022 and to supply more than 100,000 customers with a 100% fulfillment rate across over 1,000 SKUs. Eden Farm intends to use the new funding to strengthen supply-chain infrastructure, enhance its technology, support market expansion, and hire more staff. Eden Farm is an Indonesian agriculture supply-chain startup. The company operates in the agriculture supply chain sector in Indonesia. It received its first investment from Silicon Valley-based accelerator Y Combinator. Eden Farm has closed a seed funding round of around $1.7 million. The seed round was led by Global Founders Capital, according to founder and CEO David Gunawan. No additional operating metrics or future plans were disclosed in the article.

Total raised

$34M

Funding rounds

3

Latest round

Series B

Latest activity

Jan 2023