“We are delighted to receive this new funding, which will be instrumental in helping us achieve our goals of developing new ways to improve the industry and its impact on our society,” said Liris Maduningtyas, co-founder and CEO of Jala, in a press release.

The funding was led by the Althelia Sustainable Ocean Fund, advised by Mirova Natural Capital, an affiliate of Mirova. Other participants in the round include the Meloy Fund, an American environmental conservation group; and Real Tech Fund, Japan’s leading deep-tech-focused venture capital fund.

Commenting on the new investment, Lisa Hubert, investment manager at Althelia Sustainable Ocean Fund, said:We are pleased to announce this important investment to contribute to make more sustainable an industry which plays such a significant role in South East Asia. Poor practices have been common in this area and with this investment in Jala we are backing a business which can make a quantifiable difference to the farmers, the value chain players and the end consumer.”

Jala has developed hardware and software that accurately detect the water quality of shrimp ponds and a platform to visualise and manage the acquired technical and financial data, allowing aquaculture producers to monitor pond conditions and make optimal farm management decisions. The platform is equipped with functions that provide shrimp growth information, harvest prediction, financial management and disease alerts. The recommendations provided are generated through their own artificial intelligence model.

Jala also operates a marketplace that directly connects shrimp farmers and processing companies, allowing the farmers to become more competitive in the supply chain. Another advantage of the marketplace is that it allows for product traceability, which is becoming increasingly important for today’s consumers.

Jala supports the optimisation of aquaculture pond operations throughout the whole of Southeast Asia. As of 2021, the platform is being used by more than 6,700 farms, achieving improvements in productivity and feed conversion ratios, and facilitating the monthly trade of 200 tonnes of shrimp.

Indonesia is the world’s third-largest shrimp farming country, producing 500,000 tonnes of shrimp annually – a 12 percent share of the global market. However, the sector faces issues such as pollution caused by sewage in rivers, disease outbreaks and mortalities, inefficient value chains, limited value addition for the farmers and low transparency levels.

In the future, Jala plans to develop or collaborate on auto-feeders, oxygenators and environmentally friendly recirculating aquaculture systems. The company will also explore how they can contribute to the dissemination of sustainable certification standards for shrimp aquaculture.

* Jala is part of Hatch’s investment portfolio, but The Fish Site retains editorial independence.

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