Participated · Equity · Jul 2024

Elevarm is a Bandung, Indonesia-based agritech company specializing in horticulture production and high-quality agricultural inputs for smallholder farmers. It supplies seeds, bio-based fertilizers, and environmentally friendly pest control solutions, and produces seedlings in advanced greenhouses. Its in-house R&D engine, NextBio, focuses on developing sustainable agri-inputs to improve soil health, biodiversity, and crop resilience. The company supports more than 15,000 farmers across West Java, Central Java, and Yogyakarta and collaborates with over 30 partners including government agencies, universities, and financial institutions. Led by CEO Bayu Syerli, Elevarm plans to expand seedling varieties, develop new bio-based inputs, and launch AI-powered digital tools to deliver real-time insights and automate tasks. The recent funding will be used to implement these strategic initiatives. Elevarm operates a platform offering a suite of horticulture services and products, spanning fertilizers, soil testing and agricultural product trading. The company positions itself as an end-to-end agricultural technology service provider. Its platform brings together inputs, diagnostics and marketplace functions for growers and buyers. Elevarm recently secured external capital to support its operations and platform activities. The article reports a $1 million strategic investment from three institutional partners. No operating metrics, founding year or location are disclosed in the article. Elevarm is an agritech company based in Jakarta focused on producing seedlings and organic fertiliser. The company operates production capacity for seedlings and organic inputs used in agriculture. Its core product offering centers on scaling seedling output and expanding organic fertiliser production. Recent financing indicates the company is pursuing growth in manufacturing and supply capabilities. The article does not report operating metrics such as revenue or user counts. Elevarm intends to use new capital to increase its production capacity.