Aquatech Startup DELOS Receives Seed Funding Led by Arise

Aquatech startup DELOS announced seed funding with an undisclosed amount led by Arise, a special fund created by MDI Ventures and Finch Capital. MDI Ventures also participated in this round, along with other investors, such as Hendra Kwik (Number Capital), Irvan Kolonas (JAPFA Executive), and iSeed Asia.

The company plans to utilize the fresh funds to strengthen and improve its DELOS shrimp production software accurately to forecast and recommend actions to increase farm profitability and productivity. In addition, funds will also be channeld to develop value chain integration and on-board more DELOS agricultural partners.

DELOS was founded this year by Guntur Mallarangeng, Bobby Indra Gunawan, and Alexander Farthing. These three founders brings together a multidisciplinary team covering aquaculture, marine biology, technology, and business. The startup partners closely with Dewi Laut Aquaqulture, a leading local aquaculture company, and Alun, a leading aquaculture fintech company, to accelerate the development of in-house technology.