# Elevarm Technologies Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/elevarm-technologies-pte

- Industry: Agribusiness
- Headquarters: Jawa Barat, Indonesia
- Website: www.elevarm.com
- Total disclosed funding: $2.6M
- Latest round: Seed (May 8, 2024)
- Investors on record: 2

## About

Based in Indonesia, and founded in 2022, Elevarm Technologies Pte. Ltd. operates as an AgriTech startup, providing comprehensive solutions and services that elevate farmers. The company is operating in Bandung, Cianjur, Sukabumi, Tasikmalaya, Cilacap, Wonosobo, Temanggung, Magelang, and Sleman. In May 2024, Elevarm Technologies, Pte. Ltd. raised USD 1.21 million in seed funding led by Insignia Ventures Partners, with participation from 500 Global. The round was part of a larger USD 2.6 million seed funding.  In July 2024, Elevarm raised USD 1 million of venture funding from PT Amartha Mikro Fintek, Rabobank and Scala, Inc.
 

The company uses proprietary technology and agronomy knowledge to deliver personalized recommendations to farmers. Elevarm builds digital tools for farmers that connect with on-farm facilities, which can provide solution on infrastructure, including soil testing, access to quality inputs, crop planners, weather alerts, connecting with agronomy experts, farm tagging, market linkage, financing, and insurance.

The company plans to use its proceeds from May 2024 funding to develop 15 new organic products and construct a new fertilizer production factory equipped with advanced technology. In addition, the firm plans to use its proceeds from July 2024 funding to enable smallholder farmers to acquire agricultural input on a secure credit basis, streamline cultivation practices to enhance productivity and increase their overall financial literacy.

## Funding rounds

- Seed, May 8, 2024, $1.2M — 500 Global, Insignia Ventures Partners
- Seed, Nov 10, 2022, $1.4M — 500 Global, Insignia Ventures Partners

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Insignia Ventures Partners (https://capitalatlas.ai/funds/insignia-ventures-partners) — Seed