Banyu Funding Round

1/22/2025

Venture Equity

$1,250,000

Seed

The company intends to use the funds to establish a seedling cultivation laboratory and nursery and grow its farming and exporting operations.

Private & Independent

AgTech

Undisclosed
Jakarta, Undisclosed
Indonesia

Undisclosed

Not Recorded

The growing interest in and promising trajectory of the global seaweed industry paired with the rapid pace of innovation in western countries puts Indonesia in a unique position to 'defend our title' as the second largest producer of seaweed in the world. As the industry matures, there will be increased scrutiny on factors such as quality, farming methods, and downstream manufacturing/processing practices. Indonesia's current seaweed industry faces multiple issues at each stage of the supply chain, from suboptimal farming practices to a lack of market dynamics and quality control.