- FishLog secures pre-series A funding from notable investors.
- The company plans to expand its cold chain ecosystem and traceable seafood distribution in the US.
- FishLog also receives a grant to support financial literacy in fishing communities.
FishLog, an Indonesian aquaculture tech startup, has secured undisclosed funding in a pre-series A extension round.
The investment, led by Accel, Insignia Ventures Partners, and Saison Capital, along with participation from three Indonesian state-owned banks, positions FishLog as a unique player in the industry.
Casting a wide net
The fresh capital will be used to bolster FishLog’s cold chain ecosystem, with a significant portion allocated to the distribution of traceable seafood in the United States.
Since entering the US market in 2023, the company has already distributed over 60,000 kilograms of seafood. FishLog’s services, including FishLog Trace and FishLog Smart Contract, ensure responsible sourcing and enhance supply chain transparency.
Reeling in sustainability
FishLog’s efforts extend beyond its core business, as evidenced by the recent US$100,000 grant from the United Nations Development Programme and Indonesia’s Finance Ministry.
The grant will support initiatives aimed at improving the financial literacy of fisher families, providing character education for fishers’ children, and promoting mangrove planting for global carbon tracking in the fishing industry.
To read the original article: https://www.techinasia.com/indonesia-based-fishlog-hooks-in-major-funding-scales-up-sustainablea-seafood
