It said returning investors MDI Ventures (ARISE, Centauri, MDI Growth) and Go-Ventures also participated.
MDI Ventures is a multi-stage venture capital firm backed by Telkom Indonesia.
AgriAku, which started its business with a business-to-business (B2B) input marketplace and now has facilitated a wide range of agribusiness activities for suppliers, retailers, and farmers, has also successfully secured funding from two new marquee institutional investors, namely BRI Ventures and Mandiri Capital Indonesia.
This made AgriAku the only agritech company funded by three large state-owned enterprises’ venture capital funds.
In addition to those investors, AgriAku also onboarded new strategic investors such as Gentree Fund, K3 Ventures, and Thai Wah Public Company to help the company scale internationally in the future.
"They are joined by other key venture firms in this round, including Alto Partners, InnoVen Capital, and Mercy Corps Social Venture Funds," Alpha JWC Ventures said in the statement.