This round was led by AgFunder’s Singapore-based Grow Impact Fund and saw multiple early-stage investors including Singapore VC firms Atlas Ventures and Accelerating Asia Ventures, Australian blue economy-focused firm Ocean Impact Organisation, South Korean seed investor TheVentures and more regional and international firms.
Funds from this round will power Mayani’s vision of a multi-level, agribusiness supply chain model which bridges recurring institutional demand with fragmented supply in the Philippines.
Creating market access to farmers and fisherfolk
Operating as an e-commerce platform for both consumers and businesses, Mayani’s catalogue lists a variety of ag produce, not just seafood, including vegetables, poultry, coffee, and fruits.
JT Solis, co-founder and CEO of Mayani, says that its operations can be foundational in unlocking adjacent services for the now 139,000 small-scale farmers and fisherfolk it works with, such as input and credit provision.
As Solis shares, “We envision a Philippines where farmers and fisherfolks lead better lives because of technology. We want people to see that farming both land-based and sea-based would actually be a viable pathway for them as a career in agribusiness.”
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