Business & Economy Startups Bruneian agritech startup secures pre-Series A funding from Cerana Capital

Bruneian agritech startup secures pre-Series A funding from Cerana Capital

Author

Date

Category

- Advertisement -

Agrome IQ connects digitally trained farmers to the immediate market in hopes to create an ecosystem

Agrome IQ, Brunei-based agritech company, announced that it has received a six-figure investment from Singapore-based Cerana Capital, as reported by The Scoop. Agrome IQ said that it will use the investment to help expand its team and presence in Southeast Asia as well as put money towards product development.

Founded in 2017, Agrome IQ supports digitisation of farm management through a mobile application. Agrome IQ operates as an agricultural business intelligence company by providing data analytics to farmers to improve production.

Founder and CEO Dr. Vanessa Teo said that the company will set up their base in Singapore, focussing on growth in the Malaysian and Indonesian markets.

- Advertisement -

“With the investment from Cerana Capital, we now have the capability to reach out to 50 different distributors in Singapore that would buy farmers’ products on our platform,” Teo said, emphasising the ecosystem creation for the farmers and their market.

Cerana Capital is an investment firm based in Singapore with a focus on growing Southeast Asian companies.

Also Read: Indonesian trucking platform Ritase secures Series A funding

The startup on Friday also announced the appointment of a new chief technology officer, Michael Knott.

Teo said the second version of the app will be launched in two months and will enable “community-driven decision making for farmers” within similar geographic regions.

Photo by Markus Spiske on Unsplash

The post Bruneian agritech startup secures pre-Series A funding from Cerana Capital appeared first on e27.

Source: E27

Please follow and like us:
Tweet
Share
- Advertisement -

NUS abruptly replaces Cherian George and Donald Low as webinar speakers

Update: According to a Raffles Hall Spokesperson: “The “Public Discourse Truth & Trust” webinar is organised by the Raffles Hall Association, which is an autonomous alumni group that is not governed by Raffles Hall and NUS.”   Singapore—Confusion ensued online when the National University...

Lee Suet Fern’s quilt sells for S$33,000 in charity auction

Mrs Lee Suet Fern, the wife of Mr Lee Hsien Yang, is well known for her handmade quilts and masks. Participating in a charity auction for Project Dignity, Mrs Lee donated one of her intricate quits – ‘Dignity Blooms’. Established in 2010, Project...

TOC’s chief editor and one of its writers on trial for alleging corruption in Cabinet

Singapore -- The chief editor of The Online Citizen (TOC) website Terry Xu and one of its  writers went to trial on Monday (Oct 26) for alleging corruption in the Singapore Cabinet. Xu, 38, is contesting one charge of defaming members of...
Please follow and like us:
Tweet
Share
close

Like and follow us

Follow Me
Tweet