eFishery becomes Indonesia’s latest unicorn with 42XFund-led $108m Series D funding

eFishery becomes Indonesia’s latest unicorn with 42XFund-led $108m Series D funding

Photo: eFishery's Facebook page

Indonesian aquatech firm eFishery has become the country’s latest unicorn after raising $108 million in a Series D funding round led by UAE-based G42 Global Expansion Fund (42XFund), according to regulatory filings.

42XFund contributed $100 million to the round, while SoftBank Vision Fund II chipped in nearly $5 million, per eFishery’s filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA). Meanwhile, Southeast Asian private equity (PE) major Northstar Group invested $3 million.

Edited by: Deepshikha Monga

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