
Southeast Asia’s agritech sector is blossoming into a vital force, poised to revolutionize agriculture and bolster food security across the region. With a projected market value of US$24 billion to US$48 billion by 2030, as estimated by Asia Fund Managers, this dynamic industry is riding a wave of innovation fueled by rapid population growth, urbanisation, and an urgent need for sustainable farming solutions.
Technologies like IoT and AI are empowering precision agriculture, optimising resources and boosting yields, while vertical farming rises to meet the demands of sprawling urban centres. Government initiatives, such as Singapore’s ambitious “30 by 30” plan to produce 30 per cent of its food locally by 2030, are accelerating this transformation, blending policy with cutting-edge tech.
From Indonesia’s Sayurbox streamlining fresh produce delivery to Malaysia’s Qarbotech enhancing photosynthesis for higher crop yields, the region’s agritech startups are redefining how food is grown, managed, and distributed. These companies, backed by substantial investments from global players like Alpha JWC Ventures and Temasek, are not only tackling inefficiencies but also paving the way for a resilient, tech-driven agricultural future.
Also Read: The future of farming in the Asia Pacific is here to empower farmers
In this feature, we spotlight the fastest-growing agritech innovators shaping Southeast Asia’s fields and tables.
Sayurbox
An online retailer of fruits and vegetables. It enables individuals to order fruits and vegetables on the platform and get them delivered to their doorstep. It also offers chicken, meat, dairy, and spices products on the platform.
Location: Indonesia
Founded year: 2016
Total funding (USD): 140 million
Institutional investors: Alpha JWC Ventures, IFC, Northstar Group Services, Astra Digital, Global Brain, Syngenta Group, Ondine Capital, Strategic Year, ASTRA, Tokopedia, Patamar Capital, East Ventures, Insignia Ventures Partners, and BRI Ventures
Aruna
A provider of cloud-based fishery management software. It allows fishery companies to manage their day-to-day operations. Its features include fishery management, data intelligence related to fisheries, and online fishery trading.
Location: Indonesia
Founded year: 2016
Total funding (USD): 70,500,000
Institutional investors: AC Ventures, East Ventures, Vertex Ventures, Prosus, Indogen Capital, SIG Venture Capital, SMDV, MDI Ventures, Endeavor, Alipay-NUS Enterprise Social Innovation Challenge, UMG Indonesia, Capria, and K3 Ventures.
AgriAku
A distribution enabler for crop inputs. It offers a platform that allows users to record agriculture transactions, find a variety of crop input products such as seeds, medicines and nutrients, fertilisers, and agricultural tools.
Location: Indonesia
Founded Year: 2021
Total funding (USD): 46 million
Institutional investors: TNB Aura, Indogen Capital, Gentree, Go Ventures, Alpha JWC Ventures, MDI Ventures, BRI Ventures, Mandiri Capital Indonesia, Thai Wah Ventures, AltoPartners, K3 Ventures, Thai Wah, Innoven Capital, Mercy Corps, Arise, and Wright Partners.
FreshKet
An online B2B marketplace offering farm products. The product catalogue includes vegetables, fruits, meats, grains, soft drinks, etc. It also includes restaurant supplies.
Location: Thailand
Founded year: 2016
Total funding (USD): 34.5 million
Institutional investors: Kliff Capital, Openspace Ventures, ECG Venture Capital, Thai President Foods, PTT, OpenSpace, Betagro Group, ORZON Ventures, Volta Circle, ECG-RESEARCH, 500 Global, and RISE.
Eden Farm
An app-based business-to-business marketplace offering fruits and vegetables from farms.
Location: Indonesia
Founded year: 2017
Total funding (USD): 34.5 million
Institutional investors: AppWorks, AC Ventures, Capria, MI, Fubon Financial Holdings, Trihill Capital, OCBC NISP Ventura, Nakhla, Decart Ventures, Global Founders Capital, Corin Capital, Investible, AppWorks, Y Combinator, EverHaus, Soma Capital, Indicator Fund, S7 Ventures, and Kube VC.
Nutrition Technologies
A provider of insect-based products for agriculture and livestock. It develops its product using black soldier fly larvae and recycles nutrients from agricultural and food processing by-products. Its product offerings include insect-based organic fertilisers for agriculture, protein feed for livestock, and also oil.
Location: Malaysia
Founded year: 2016
Total funding (USD): 34 million
Institutional investors: Openspace Ventures, Hera Capital, Sumitomo, ING Bank, Mandala Capital, SEEDS Capital, Enterprise Singapore, Nullabor, Neptune, Alpha Founders Capital, and Primex Capital.
TechCoop
A fintech platform providing lending solutions to the agriculture industry. It offers lending solutions for farmers, cooperatives, and other agriculture production stakeholders. It increases income for farmers participating in their program through agri-inputs and technology systems.
Also Read: Techcoop CEO on scaling agritech, sustainable farming, and global expansion
Location: Vietnam
Founded year: 2022
Total funding (USD): 33 million
Institutional investors: TNB Aura, Ascend Vietnam Ventures, BlueOrchard, FMO, AppWorks, Capria, Ethos Ventures, and Mandala Capital.
Entobel
A producer of insect-based diversified feed and plant care products. It breeds larval and rears full-grown insects. It processes black soldier flies to make feed for fish and juveniles and feed products for pets and livestock by leveraging the separation, extraction, drying, and milling methods of insects.
Location: Vietnam
Founded year: 2013
Total funding (USD): 31 million
Institutional investors: IFC, Mekong Capital, and Dragon Capital.
Gokomodo
A provider of supply chain solutions for agriculture business. It offers services, including logistics, distribution hubs, and financing solutions. It offers a digital supply-chain solution for corporates to drive efficiency and transparency. The platform helps intermediaries make smarter procurement decisions.
Location: Indonesia
Founded year: 2019
Total funding (USD): 26 million
Institutional investors: East Ventures, K3 Ventures, Eight Capital, SMDV, Triputra Group, Waresix, Indogen Capital, PT. Sahabat Agritama, Sampoerna, and Eight Capital Management.
UMITRON
A developer of AI and IoT-based aquaculture solutions for farms. It develops smart aquaculture solutions for farms to optimise their feeding practices, thereby lowering their costs and preventing waste and damage to the environment.
Location: Singapore
Founded year: 2016
Total funding (USD): 20 million
Institutional investors: Shoko Chukin Bank, ENEOS Group, QB Capital, Toyo Seikan Kaisha, Inter-American Development Bank, Mirai Creation Fund, INCJ, D4V, IDEO, SMBC Trust Bank, and NCB Venture Capital
Jala
A provider of IoT-enabled solutions for monitoring water conditions in the shrimp farm. Its device can be submerged in the pond and has multiple sensors for monitoring parameters like dissolved oxygen, temperature, humidity, pH, salinity, and TDS. It collects the above-mentioned data and sends the same, in real-time, to the cloud.
Location: Indonesia
Founded year: 2015
Total funding (USD): 19 million
Institutional investors: Intudo Ventures, SMDV, Mirova, The Meloy Fund, Althelia Sustainable Ocean Fund, Real Tech Fund Investment, and 500 Global.
Rize
An agritech startup focused on decarbonising rice farming solutions. The company specialises in offering rice cultivation technology to identify and implement sustainable cultivation techniques and strategies, enabling farmers to deliver sustainable rice.
Location: Singapore, Singapore, Singapore
Founded year: 2023
Total funding (USD): 14 million
Institutional investors: Breakthrough Energy, GenZero, Temasek, Wavemaker Impact, Carbon Solutions, and Pieter Investments.
Barramundi Asia
A producer of fish using sustainable aquaculture farming solutions. The company uses a Biofloc farming solution. It offers different fish and by-products such as the swim bladder, head, bone and scale.
Location: Singapore
Founded year: 2008
Total funding (USD): 11 million
Institutional investors: UOB, Oceanus, Commonwealth Capital Ventures, CRISTA Ministries, Louis Dreyfus Company, Far East Ventures, Southern Capital, WarifTech, AMBRA Solutions, Hammarviken Business Development, RCL Partners, and Temasek Life Sciences Accelerator
Crowde
An online platform connecting farmers and retail investors. It allows farmers in obtaining capital for their farming operations. The farmers can get their projects listed upon registration. Investors can choose among the listed projects for making their investments. There is no lower limit of investment on the platform.
Also Read: The agritech challenge in Indonesia: Can AI and mobile apps enhance productivity?
Location: Indonesia
Founded year: 2015
Total funding (USD): 10 million
Institutional investors: Monk’s Hill Ventures, Mandiri Capital Indonesia, Great Giant Foods, Crevisse, STRIVE, Unreasonable, Kolaborasi, Digitaraya, Instellar, and Inclusive Fintech 50
Semaai
A provider of app-based diversified tech-based services for farmers, the agritech startup uses its application to provide an agriculture input marketplace for farmers that offers seeds, fertilisers, pesticides, and tools. It also enables farmers to get farming advisory and soil test services. Its mobile application is available for the Android platform.
Location: Indonesia
Founded year: 2021
Total funding (USD): 7.6 million
Institutional investors: CyberAgent Capital, Sumitomo, Ruvento Ventures, MyAsiaVc, Accion, Beenext, XA Network, Surge, Heracles Ventures, Sequoia Capital, Kaya Founders, and VDL Ventures
Eratani
A provider of tech-based farming as a service, Eratani builds a seed-to-market ecosystem by enabling and digitising the upstream channel microfinancing, providing farm and agri input for farmers, and downstream harvest distribution and supply chain processes.
Location: Indonesia
Founded year: 2021
Total funding (USD): 7.4 million
Institutional investors: Bank Rakyat Indonesia, SBI Ven Capital, Genting Ventures, Orvel Ventures, TNB Aura, AgFunder, B.I.G. Ventures, Trihill Capital, Kyobo Securities, NTUitive, Ascend Angels, Venture Center, Big Ventures, and Kopi Kenangan.
Archisen
Archisen designs modular urban farming systems that optimise farm profitability and maximise product freshness, nutrition and flavour. Its flagship solution, Cropdom, consists of farm design, market analysis, crop selection, sale of produce, obtaining regulatory approvals, as well as financial modelling.
Location: Singapore
Founded year: 2015
Total funding (USD): 5.6 million
Institutional investors: SGInnovate, The Yield Lab, and the National University of Singapore.
FishLog
A provider of cloud-based supply chain solutions to seafood businesses. It offers a warehouse management system that collects data, stores it in the cloud, and delivers it via a mobile application. It also offers solutions for calculating rental costs and invoice costs.
Location: Indonesia
Founded year: 2018
Total funding (USD): 4.75 million
Institutional investors: Accel, Insignia Ventures Partners, Saison Capital, Mandiri Capital Indonesia, BNI Ventures, UNDP, Accel Atoms, BRI Ventures, Patamar Capital, Indogen Capital, Triputra Group, Arise Virtual Solutions, KK Fund, Ango Ventures, Captain Fresh, Centauri Fund, MDI Ventures, and Founderplus.
Elevarm
Elevarm specialises in horticulture production and the provision of “high-quality” agricultural inputs, including superior seeds, bio-based fertilisers, and environmentally friendly pest control solutions.
Also Read: Elevarm nets US$4.25M to boost smallholder horticulture farmers with AI, sustainable agri-inputs
Location: Indonesia
Founded year: 2022
Total funding (USD): 8 million
Institutional investors: Intudo, Amartha, Rabo Bank, Insignia Ventures Partners, and 500 Global.
PasarMIKRO
An online platform for point-of-sale financing, PasarMIKRO offers a marketplace that connects buyers and sellers in the agriculture business. It lets users purchase products and pay for monthly instalments.
Location: Indonesia
Founded year: 2020
Total funding (USD): 2.5 million
Institutional investors: MDI Ventures, KB Investment, Northstar Ventures, BRI Ventures, and Gentree.
Protenga
A manufacturer and supplier of insect-based feed products. Its product offerings include grubs, meals, oil, and re-food fertiliser. Protenga processes black soldier flies and hermet illucens to produce its products. Its products suit aquaculture, livestock, pets, and plant nutrition.
Location: Singapore
Founded year: 2016
Total funding (USD): 2 million
Institutional investors: SPRING Singapore and Trirec.
Packet Greens
The agritech startup grows veggies using hydroponics and sells directly to consumers through subscriptions. Packet Greens operates hydroponic farms to grow vegetables, including leafy greens. It provides a subscription service directly to consumers and food businesses (restaurants, service operators, etc.).
Location: Singapore
Founded year: 2014
Total funding (USD): 1.5 million
Institutional investors: ADB Ventures, Loyal, and INSEAD Angels Asia.
INSEACT
A producer and distributor of insect-based fish feeds. It uses Black Soldier Flies (BSF) that feed on bio-waste (Palm Kernel Meal) to produce proteins (fish feed), lipids (Oil), and fertilisers. It performs anaerobic degradation on the Palm Kernel Meal (PKM) by mixing it with water for a week of a tightly managed fermentation process.
Location: Malaysia
Founded year: 2019
Total funding (USD): 1.3 million
Institutional investor: Rhone Ma Holdings
WasteX
A developer of biochar-based fertilisers. It offers solutions to improve crop production and increase soil fertility. Its products help improve soil health. It also provides solutions for agriculture mills and livestock farmers.
Location: Singapore, Singapore, Singapore
Founded year: 2022
Total funding (USD): 975,000
Institutional investors: Mistletoe, Juniper Capital, EcoImpact Capital, and StartupX.
Qarbotech
An agritech company that develops biocompatible solutions to enhance the photosynthesis rate of plants and increase crop yield. The technology can increase plant growth and reduce crop yield. It offers innovative solutions for sustainable agriculture and horticulture.
Location: Malaysia
Founded year: 2018
Total funding (USD): 700,000
Institutional investors: Epic Angels and EQT.
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