After reports that it is raising new funding, Indonesian aquaculture startup eFishery announced today that it has netted $200 million in a Series D. The company, which makes a smart feeding system for fisheries, says this makes it the first startup in the global aquaculture industry to pass a $1 billion valuation. It’s goal is to reach one million aquaculture ponds in Indonesia by 2025 and expand overseas.
Following several unconfirmed reports, Indonesia-based aquaculture startup, eFishery, has officially raised USD$200 million in its Series D fundraising round, making it the first startup in the global aquaculture industry to reach a valuation of $1.4 billion.