Indonesia-based sustainable farming and supply chain traceability startup, Koltiva, has announced a major milestone in its journey with the successful closure of a substantial Series A financing round.
The funding round was led by AC Ventures, a top-tier early-stage venture capital firm, and saw participation from notable investors including Silverstrand Capital, Planet Rise, Development Finance Asia, and Blue 7, along with continued support from existing investor, The Meloy Fund, a prominent impact investor in Southeast Asia.
Koltiva intends to utilise this fresh infusion of capital to expand its software-as-a-service platform, which provides multinational corporations with the capability to trace their supply chains comprehensively, from the very beginning of the production process to the consumer’s table.
On the agricultural technology front, Koltiva offers a range of services including producer profiling, plot mapping, seed-to-table traceability, as well as training and coaching by its team of field experts and agronomists.
In the sphere of climate action, Koltiva is actively developing products designed to aid in greenhouse gas assessments. Additionally, the company offers its clients climate-smart farm support, land use mapping, and timely risk alerts.
In the realm of agri-based product traceability, Koltiva is a trailblazer. By developing cutting-edge software that facilitates seed-to-table traceability, the company ensures complete transparency throughout the journey of food products, starting from raw materials, through farming operations and distribution, all the way to the final consumer.
This innovation is particularly valuable for large multinational corporations and enterprises seeking to trace the origins of their food supply, which often originates from smallholder producers in Indonesia and other countries where Koltiva operates.
Koltiva’s significance is further underscored by the emergence of stringent regulations such as the EU’s Deforestation-Free Products Regulation (EUDR), mandated by the European Council. This regulation compels companies to prove the absence of deforestation in their products and adhere to specific legal standards.
Consequently, over 50,000 EU-based businesses are now required to comply with this regulation, and non-EU companies significantly engaged in EU activities must also ensure their adherence. Koltiva’s solution is indispensable for industries such as cocoa, coffee, rubber, and palm oil.
However, Koltiva is not merely a service; it is a transformative tool. The company offers a comprehensive web and mobile app that streamlines various activities, including producer registration, surveys, crop transaction monitoring, deforestation mapping, and measurement of greenhouse gas emissions on farms.
While Koltiva’s roots are in Indonesia, its impact is global. The team collaborates with producers in 52 countries, with nearly half of these smallholders located in Indonesia. The rest are spread across countries such as Brazil, China, the Ivory Coast, and more.
Manfred Borer, co-founder & CEO of Koltiva, stated, “Koltiva goes beyond traceability. By providing comprehensive seed-to-table traceability, we empower corporations to navigate the evolving landscape of regulations and sustainable practices while enhancing the livelihoods of smallholder producers.
“Our vision is to create an ecosystem that benefits global brands while uplifting the grassroots level of the supply chain. We envision a world where transparent and sustainable trade is the norm.”
Koltiva’s platform already boasts a significant user base, with over one million producers and 6,800 businesses utilising its innovative food supply chain tracing and climate tech solutions.
Helen Wong, managing partner at AC Ventures, said, “As multinational businesses increasingly prioritize sustainability, Indonesia-based Koltiva is well-positioned to play a pivotal role in ensuring transparent supply chains.
“By strengthening the livelihoods of small-scale farmers in emerging markets and assisting them in adapting to climate change, Koltiva exemplifies how modern technology can reshape traditional industries, drive global impact, and pave the way for a more environmentally sustainable future for generations to come.”