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Indonesian aquatech startup JALA Tech raises about $13.1m in funding

Company uses technology to help shrimp farmers protect production

2018-10-30T141647Z_1347854527_RC13603A30E0_RTRMADP_3_OCEANS-TIDE-SHRIMP.JPG

Shrimp is one of Indonesia's main export commodities. © Reuters

MARS W. MOSQUEDA JR., DealStreetAsia
November 28, 2023 12:00 JST
Updated on December 5, 2023 12:48 JST

CEBU, Philippines -- JALA Tech, an Indonesian aquatech startup, has raised about $13.1 million in Series A funding, it announced on Tuesday.

The latest round was led by Indonesian venture capital firm Intudo Ventures and joined by SMDV, French investment manager Mirova's Sustainable Ocean Fund (SOF), and U.S.-based coastal fishing-focused impact investor Meloy Fund.

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