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

- Advertisement -

Man whose mother was a hawker has tough question on hawkerpreneurship cert

Singapore -- A man whose mother was a hawker has a tough question on the new Work-Study Post-Diploma (Certificate in Hawkerpreneurship): “Who would want to send their children to the polytechnic and ITE for a diploma in 'hawkerpreneurhip', only to slog...

As India battles Covid-19, staying indoors is the new normal for student

Sitamarhi (India) -- With the start of a vaccination programme against Covid-19 in India on Saturday (Jan 16), another firm step is being taken in the battle against the virus in the country. The Covid-19 pandemic has affected the daily life of...

“Eh, don’t block the road guys, please” — Motorist tells cyclists confronting cabby

Singapore -- A video has gone viral of a group of cyclists who are confronting a taxi driver being told not to block the road by the motorist behind them. On Friday (Jan 15), Facebook page ROADS.sg uploaded dashboard camera footage taken...