Venture capitalists bet big on Indonesia’s nascent fishery sector

Photo by Gregor Moser on Unsplash

Indonesia’s burgeoning maritime and fisheries industry has caught the interest of risk capital investors as startups operating in the sector carve out their expansion plans.

In the month of August alone, Aruna and eFishery snagged funding in the nascent sector. While Aruna secured $5.5 million in a pre-Series A round from East Ventures, AC Ventures, and SMDV, eFishery raised an undisclosed amount in its Series B funding round led by Go-Ventures and Northstar Group.

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