Indonesian agritech startup Eratani secures $6.2m Series A round

Indonesian agritech startup Eratani has secured $6.2 million in a Series A round led by Singapore-based Clay Capital. The round also saw participation from TNB Aura, SBI Ven Capital, AgFunder, Genting Ventures, and IIX, according to an announcement on Thursday.

The funding confirms a DealStreetAsia report last month that the firm was finalising a $5-10 million raise led by Clay Capital.

Eratani plans to use the capital to expand its technology offerings, including precision agriculture tools, on-farm mechanisation, and sustainable cultivation practices. These upgrades are aimed at improving farm productivity and profitability while aligning with Indonesia’s climate and food security goals.

“We’re proving that economic and social impact can go hand-in-hand with environmental
sustainability,” said Eratani co-founder and CEO Andrew Soeherman. “Rather than rapid
expansion, we’re focused on building a solid foundation for strategic, long-term growth.”

Founded in 2021, Eratani provides an end-to-end platform that connects smallholder rice farmers to financing, agricultural inputs, training, and markets. It currently works with over 34,000 farmers across Java and South Sulawesi and has partnered with 600 agricultural kiosks and 70 rice milling units. According to the company, its support has led to a 29% boost in farmer productivity.

Rice remains a key food source globally but is also one of the most environmentally intensive crops. Flooded rice fields account for an estimated 1.5–2% of global greenhouse gas emissions—comparable to the aviation sector—and require 3,000-5,000 litres of water per kilogram, far more than other grains.

Clay Capital partner Gerard Chia said Eratani’s integrated, farmer-first approach sets it apart in a fragmented market.

“Beyond improving productivity, Eratani has the potential to drive systemic change through sustainable practices and help smallholders benefit from the future carbon economy,” he said.

Eratani’s fundraise comes even as Indonesia’s agritech and aquatech sectors are facing challenging times amid an investor pullback. Despite the slowdown, the sector remains strategically important, particularly as the government rolls out its national free meal programme and food security initiatives.

Separately, fellow agritech startups Elevarm and Semaai have also secured fresh funding. Elevarm raised $4.25 million in a pre-Series A round led by Intudo Ventures, with backing from Insignia Venture Partners and 500 Global. Semaai is also said to have closed a bridge round from new and existing investors.

Contributed by: Gita Rossiana
Edited by: Joymitra Rai