Delos Aqua, an Indonesian startup focused on the low-tech segments of the Indonesian shrimp farming industry, has completed a second successful fundraising round.
The undisclosed series A funding was led by Monk's Hill Ventures and adds to the company's earlier seed funding and $8 million (€7.5 million) advanced seed funding. The 2021 seed funding was led by Arise, a fund managed by MDI Ventures and Finch Capital.
Delos Aqua plans to use the latest investment funds for doubling production capacity for its pond management system product, Aquahero, and expanding its business in integrated supply chain management.
