<article>Indonesian agritech startup TaniGroup has raised an undisclosed amount in a pre-Series A funding round from <a href="http://dealstreetasia.com/tag/Alpha-JWC-Ventures">Alpha JWC Ventures</a> and several other angel investors, according to an official statement.</article>

Indonesian agritech startup TaniGroup has raised an undisclosed amount in a pre-Series A funding round from <a href="http://dealstreetasia.com/tag/Alpha-JWC-Ventures">Alpha JWC Ventures</a> and several other angel investors, according to an official statement.
The company said it raised a “multimillion” amount from the round of investment.
TaniGroup is an agriculture-focused tech startup, whose business is divided into two main lines: TaniHub and TaniFund. TaniHub is an e-commerce unit that helps local farmers directly connect with corporate buyers such as supermarkets, hotels and restaurants. TaniFund is a crowdfunding platform that connects lenders with groups of farmers interested in improving their farming activities.
Since it started operating in 2016, Tani Group has catered to around 16,000 farmers, said its co-founder and president Eka Pamitra. Furthermore, due to the improved efficiency in distributing their crops, farmers’ incomes have increased, on average, up to 30 per cent.
With this new injection of funding, TaniGroup says it plans to increase its capacity, broaden its domestic and international markets, and expand its farmers’ network.
Likewise, Alpha JWC Ventures hopes the funding will extend TaniGroup’s practice and network, as well as boost its growth in Indonesia.
&#8220;Agriculture is a vital industry in Indonesia and TaniGroup managed to provide an optimum solution that can create efficiency in the complex business ecosystem of the industry,&#8221; says Alpha JWC Ventures co-founder and managing partner Jefrey Joe. &#8220;In line with our focus on strengthening Indonesian economy, Alpha JWC is excited to work together with TaniGroup in creating more value, accelerate innovation and originate positive impact in Indonesia’s agriculture industry.&#8221;
TaniGroup says that its target in the coming years is to become the biggest contributor to the agritech industry through cooperation with not only conventional players, but also other innovative tech businesses.
The company believes that, given the complex and complicated agriculture industry, the key to success will be through collaboration, whether it be with central and local governments, national and international organizations or other agritech startups.
Agritech is a sector that has yet to receive much funding in Southeast Asia, despite its potential. In a recent interview with DEALSTREETASIA, Eugene Wong of Singapore’s Sirius Venture Capital said that agritech is poised to grow in the region “because farming is still a big component in the lives of Asians”.
Outside of the region, startups in the agriculture sector that have raised notable funding of late include Taiwan Shennong Social Enterprise Co (TSSE) from Taiwan and FarmLink from India, who have raised $3 million each in the last few months.
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<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/taiwans-student-founded-agtech-startup-tsse-raises-3m-93535/">Taiwan’s student-founded agritech startup TSSE raises $3m in Series A</a>
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With this new injection of funding, TaniGroup says it plans to increase its capacity, broaden its domestic and international markets and expand its farmers’ network.

Indonesia: Alpha JWC backs agritech startup TaniGroup's pre-Series A round

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Indonesia: Alpha JWC backs agritech startup TaniGroup's pre-Series A round

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