Indonesian agritech startup Semaai announced today it has raised USD 4.7 million (approximately IDR 73 billion) in a mixed round of equity and debt financing.

The round was led by CyberAgent Capital and saw participation from a consortium of new and existing investors, including Sumitomo Corporation Equity Asia, Ruvento, MyAsiaVC, Heracles Ventures, Peak XV’s Surge, Accion Venture Lab, and Beenext.

This latest funding boosts Semaai’s total investment to USD 7.6 million (around IDR 118 billion), marking a significant milestone following a year of exponential growth.

The startup has reported a more than fifteen-fold increase in net revenue over the past 12 months and a doubling of its Toko Tani marketplace user base. Additionally, the adoption of its agronomy advisory feature has surged eightfold in the last six months, gaining widespread acceptance among its active users.

Muhammad Yoga Anindito, Co-founder and CEO of Semaai, stated, “With the new funding, our company is set to expand its embedded fintech solutions through partnerships with financial institutions and fintech providers.” He highlighted the company’s ambition to develop an integrated digital ecosystem aimed at addressing supply chain disruptions and bridging knowledge gaps for Indonesia’s agri-retailers and smallholder farmers.

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