Led · Seed · Nov 2021

Founded in 2017 in Yogyakarta, Indonesia, Jala offers a comprehensive digital ecosystem for shrimp farmers, combining real-time aquaculture data analytics, connected farm equipment, operational assistance, financing, input supplies, and a harvest marketplace. Its flagship Jala App is used by more than 20,000 farmers and has monitored over 15,700 tons of shrimp across more than 35,300 ponds. The platform has facilitated the harvesting of over 9,900 tons of shrimp, underscoring measurable impact on farm output and efficiency. By integrating data-driven insights with financial and supply-chain support, Jala aims to raise farm productivity while promoting sustainable practices. The company positions itself as a one-stop solution, reducing inefficiencies that traditionally challenge the shrimp industry. With its newly raised capital, Jala plans to expand operations throughout Sumatera, Sulawesi, and Nusa Tenggara, broadening its national footprint. The focus on scaling suggests continued investment in technology infrastructure and farmer onboarding to drive user growth and transaction volume.

Participated · Series A · May 2020

Founded by Mohamed Gastli and Syrine Chaalala, Paris- and Tunis-based nextProtein upcycles low-value agricultural and food byproducts into three core offerings: nextMeal protein powder, nextOil insect oil, and nextGrow organic fertilizer. The company relies on Black Soldier Fly larvae and a rigorously optimized feedstock recipe—tested across more than 100 ingredients—to achieve competitive feed conversion ratios while keeping CAPEX and OPEX low. Its products aim to replace resource-intensive commodities such as fishmeal and soy, offering a circular, lower-carbon alternative for global animal-feed supply chains. Proceeds from its latest raise will finance construction of a second, large-scale facility in Tunisia that is designed to output 12,000 tons of insect-based ingredients annually, including 2,500 tons of protein powder. Management believes achieving industrial scale and cost parity will move insect protein from niche to mainstream adoption. The company’s capital-efficient model and continuous R&D give it confidence to compete on both cost and reliability with traditional feed ingredients.