{"id":5024,"date":"2024-05-13T00:00:00","date_gmt":"2024-05-12T16:00:00","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=5024"},"modified":"2024-05-10T10:05:06","modified_gmt":"2024-05-10T02:05:06","slug":"daily-markup-985-elevarm-raises-us2-6m-to-improve-the-livelihoods-of-smallholder-farmers-by-democratizing-access-to-quality-farming-essentials","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=5024","title":{"rendered":"Daily Markup #985: Elevarm raises US$2.6M to improve the livelihoods of smallholder farmers by democratizing access to quality farming essentials"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/M0yQm5wBwZ1qP8-HVNXsFOGPlc6JzB8btWE5-wZnOyQX4pvB7QJWqsbrYoSirccX2HQcjXi8TBU6gnWTQS1iVQdMtHGDwk3tEQ8s3trSVQi2spfcPyx98IEZdfiHfbHUNRCP3LD1tXP5MJwy1T-T1r8\" alt=\"\"\/><figcaption class=\"wp-element-caption\">Photo credit: Elevarm<\/figcaption><\/figure>\n\n\n\n<p><strong>Planting the seeds of success<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Success is systemically elusive to smallholder farmers \u2014 access to quality seedlings and fertilizer is exclusive to large enterprise farms, leaving them with poorer quality seeds and soil, and consequently, lower quality yields.<\/li>\n\n\n\n<li>Disrupting the order of things is 500-backed <a href=\"https:\/\/elevarm.com\/\">Elevarm<\/a>, which secured US$2.6M in Seed funding from 500 Global, Insignia Ventures Partners, and <a href=\"https:\/\/www.linkedin.com\/in\/gibran-huzaifah-6358a04a\/\">Gibran Huzaifah<\/a>, CEO and founder of Asia\u2019s first aquaculture technology startup, and 500-backed company <a href=\"https:\/\/efishery.com\/en\/\">eFishery<\/a>.<\/li>\n\n\n\n<li>The goal? Providing access to affordable high quality farming essentials, such as seedlings and organic fertilizer to improve yields and income for smallholder farmers.<\/li>\n\n\n\n<li>Elevarm has big plans with the fresh capital. They aim to scale their seedlings and organic fertilizer production capacity by 3x to meet growing demand, as well as advance NextBio, Elevarm\u2019s research and development (R&amp;D) arm dedicated to developing new products for improving biodiversity, soil health, and ecosystem resilience.<\/li>\n\n\n\n<li>The team will also collaborate with new research institutions and strategic partners to engineer affordable, deeptech horticulture solutions tailored to unique local challenges at different stages of the farming journey. Elevarm has15 new organic products in the pipeline for this year.<\/li>\n\n\n\n<li>Elevarm has a growing base of 13,000+ agricultural partners and 5,000+ active farmers as customers. The team shared that they recorded strong year-on-year growth with 2023 revenue up 7x from the previous year.<\/li>\n\n\n\n<li>\u201cWe see incredible value in uplifting our local smallholder farmers, the backbone that makes up half of Indonesia\u2019s entire farming industry. Our mission is to democratize access to farming essentials that not only boost crop yields for them, but contribute to the circular economy in the long run, through our proprietary research, technology, and solutions,\u201d shared Co-founder &amp; CEO <a href=\"https:\/\/id.linkedin.com\/in\/bayusyerli\">Bayu Syerli Rachmat<\/a>.<\/li>\n\n\n\n<li>Read the full story on <a href=\"https:\/\/bit.ly\/3ybhh37\">TechNode Global<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Planting the seeds of success<\/p>\n","protected":false},"author":5,"featured_media":5025,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[573],"class_list":["post-5024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-elevarm"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #985: Elevarm raises US$2.6M to improve the livelihoods of smallholder farmers by democratizing access to quality farming essentials - 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