Heaptalk, Jakarta — Indonesia’s agritech startup Elevarm raises US$4.25 million in Pre-Series A funding, or around Rp70 billion, led by Intudo Ventures, with continued participation from existing investors, including Insignia Ventures and 500 Global. The startup will allocate to develop AI-driven solutions that enhance farmers’ productivity, expand high-quality seed varieties, and create advanced agricultural inputs that improve soil health, biodiversity, and crop resilience.
Previously, Elevarm also secured multiple funding rounds, beginning with a pre-seed investment of US$1.39 million from Insignia Ventures Partners in 2022. The company raised US$2.6 million in its first seed round from Insignia Ventures Partners, 500 Global, and Gibran Huzaifah in 2023, followed by an additional US$1 million in a subsequent round from Amartha, Rabo Foundation, and Scala.
“By leveraging advanced horticultural solutions, we enable thousands of farmers across Indonesia to boost their yields through collaboration and an inclusive approach that benefits all stakeholders. We are grateful for the support of our investors who share our vision for driving sustainable growth in Indonesia’s horticulture industry,” Co-Founder & CEO of Elevarm, Bayu Syerli, said.
This startup operates a business model that produces and distributes premium agricultural inputs, including high-quality seeds, biofertilizers, and eco-friendly pest control products. Through several business partnerships, Elevarm provides farmers better access to essential resources that improve yield and profitability. In addition, its research and development division, NextBio, aims to advance sustainable agricultural practices. Leveraging cutting-edge greenhouse technology, this agritech startup ensures consistent and resilient crop growth.
AI plays a pivotal role in Elevarm’s strategy to enhance precision farming. The company’s AI-powered platform delivers real-time data insights and algorithm-based recommendations to field teams, enabling the adoption of precision agriculture techniques such as integrated pest management, efficient irrigation systems, and optimized planting strategies. This data-driven approach has proven effective in boosting crop yields while minimizing environmental impact. Elevarm’s internal data indicates a reduction of up to 706 tCO₂e in greenhouse gas emissions, alongside notable improvements in soil health.
Khailee Ng, Managing Partner at 500 Global, stated, “Elevarm’s approach integrates artificial intelligence with traditional agricultural wisdom, offering scalable solutions that not only strengthen global food systems but also ensure sustainable farming practices.”
This startup has supported over 15,000 farmers across Indonesia, particularly in West Java, Central Java, and Yogyakarta. The company has partnered with over 30 institutions, including Indonesia’s Ministry of Agriculture, Ministry of Cooperatives and SMEs, and prominent universities and financial organizations.
“With a strong focus on innovation, investment in technology, and a commitment to sustainability, Elevarm is well-positioned to lead the agricultural industry toward greater productivity, resilience, and long-term viability.” Patrick Yip, Founding Partner at Intudo Ventures, conveyed.
