<article>Indonesian agriculture-focused fintech startup CROWDE has announced the closing of an undisclosed seed funding round led by <a href="https://www.dealstreetasia.com/tag/GREE-Ventures">GREE Ventures</a> and joined by CREVISSE Partners and local prominent angels.
In an official release, the company said it will use the capital to accelerate the development of its fintech platform targeted at Indonesia’s agriculture sector.</article>

Indonesian agriculture-focused fintech startup CROWDE has announced the closing of an undisclosed seed funding round led by <a href="https://www.dealstreetasia.com/tag/GREE-Ventures">GREE Ventures</a> and joined by CREVISSE Partners and local prominent angels.
In an official release, the company said it will use the capital to accelerate the development of its fintech platform targeted at Indonesia’s agriculture sector.
Headquartered in the cities of Jakarta and Bandung, CROWDE targets the 40 million farmers in Indonesia struggling to secure capital and develop their businesses. Its vision is to transform all farmers into self-sustained agropreneurs and create an efficient agricultural value chain.
CROWDE allocates capital raised through its platform to agricultural projects from investors seeking attractive returns and eager to invest in one of Indonesia’s core economic sectors.
To date, CROWDE, which only funds projects that have a focus on agriculture, livestock, or fishery, says it has disbursed funds in excess of Rp30 billion ($2 billion) to 10,000 farmers in 276 villages across Indonesia. The capital was raised from more than 24,000 investors.
&#8220;Our goal is to fund more than 100,000 farmers this year. We strive to remain the largest and most successful agriculture-focused fintech player in Indonesia with the support of our partners, investors, and under the supervision of local regulators,&#8221; said CROWDE CEO Yohanes Sugihtononugroho.
Commenting on the investment in CROWDE, GREE Ventures investor Samir Chaibi said: “Among the many lending players in Indonesia, the team has demonstrated a unique ability to scale their platform leveraging a deep understanding of farmers’ needs and a strong operational playbook.”
GREE Ventures, headquartered in Tokyo, is a leading venture capital investor in Asia, with a total AuM of US $120M. GREE Ventures has been actively investing across Japan, Southeast Asia, and India since 2011 with 50+ investments made so far, and focusing on Seed to Series A round.
In a recent interview with DEALSTREETASIA, Chaibi said, GREE Ventures is looking to make up to three more lead investments in Indonesian startups by the end of the year.
The VC, which has backed unicorn Bukalapak and fintech firm Ayopop and exited from Kudo and Urbanindo, teamed up with local community-driven initiative Innovation Factory to launch an accelerator in the country called SKALA, which will help it source the next promising startups to invest in.
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GREE Ventures backs seed round for Indonesian fintech startup CROWDE

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GREE Ventures backs seed round for Indonesian fintech startup CROWDE

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