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- #44 GKC | 💵 $6M SEA Climate-Focused Fund
#44 GKC | 💵 $6M SEA Climate-Focused Fund
$4.25M funding for horticulture transformation, $2M solar financing, and more!
Denada Permatasari & Nelson Ng
March 17, 2025 • Est. Reading Time: 9 minutes
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Scroll down to our new section (titled “GOOD Jobs”) to view featured job openings in the impact space.
This week, we’ve some GOOD stuff on:
🌾 Elevarm Secures $4.25M to Transform Horticulture in Indonesia
☀️ Okapi’s $2M Debt Funding to Scale Solar Financing Platform
🌎 SeaX Ventures Launches $6M Climate-Focused Fund
📰 GOOD News
1. Elevarm Secures $4.25M to Transform Horticulture in Indonesia
Image Credit: Elevarm
Indonesian agritech startup Elevarm has raised US$4.25 million in pre-Series A financing led by Intudo, with participation from existing investors Insignia Ventures Partners and 500 Global. Founded in 2022, Elevarm specializes in horticulture production and providing high-quality agricultural inputs to smallholder farmers across Indonesia.
The company's offerings include superior seeds, bio-based fertilizers, and environmentally friendly pest control solutions, all developed through their in-house R&D division. Currently supporting over 15,000 farmers across West Java, Central Java, and Yogyakarta, Elevarm plans to use the funding to expand their seedling varieties, develop new bio-based agri-inputs through NextBio, and launch AI-powered digital tools.
🔗 Source: e27
2. Okapi Technologies Receives $2M Debt Facility for Solar Financing
Image Credit: The Radical Fund
Malaysia-based Okapi Technologies has secured a debt facility of up to US$2 million, arranged by Aquila, an IoT-focused sustainable finance company operating in SEA. This financing will be instrumental in promoting residential solar adoption among homeowners and small businesses in Malaysia and nearby regions.
The company plans to leverage this new funding to support their growth efforts throughout Malaysia and expand further into the broader Southeast Asian market. According to Aquila CEO Stefano Pellegrino, Okapi's ability to finance engineering, procurement, and construction (EPC) contractors plays an essential role in advancing solar adoption across the region.
🔗 Source: Tech in Asia
3. SeaX Ventures Launches $6M Climate-Focused Fund
Image Credit: SeaX Ventures
SeaX Ventures has announced the launch of SeaX Zero, their debut climate-focused fund with an initial capital of US$6 million. This new fund represents a significant step in their commitment to addressing pressing environmental challenges through deeptech innovation, while pursuing their mission to drive 1% of GDP growth for SEA while reducing 1% of global carbon emissions.
SeaX Zero will invest in 15-20 climate tech startups, supporting seed to Series A rounds with investments ranging from $100-500k. The fund has already backed four pioneering companies: Hoxton Farms (cultivated fat for sustainable food), Type One Energy (fusion energy), Active Surfaces (thin-film solar technology), and BLUU Seafood (lab-grown fish). This initial fund aims to prove that climate tech is both essential and a strong investment opportunity, potentially paving the way for a future 10x fund.
🔗 Source: LinkedIn
GOOD Key Takeaways:
AgTech innovation boosts farmer productivity. Elevarm's approach combines advanced seedlings, bio-based inputs, and AI tools to empower thousands of Indonesian smallholder farmers.
Creative financing accelerates clean energy adoption. Okapi's model of supporting solar EPC contractors helps overcome financial barriers to residential solar installation in Southeast Asia.
Climate tech attracts dedicated investment. SeaX Zero's launch demonstrates growing confidence in climate solutions as both impact drivers and compelling investment opportunities.
Other News:
💁♀️ GOOD Opportunities
🚀 McKinsey Forward Program | Due Apr 22
Free ten-week learning program designed to equip individuals with practical skills to succeed in the future of work
🚀 Blue Carbon+ by Hatch | Due Apr 1
$50k grant for blue carbon coastal restoration projects globally
🚀 Climate Impact Innovations Challenge | Due June 4
Indonesia’s largest climate innovations tech competition by East Ventures & Temasek Foundation
💼 GOOD Jobs
🚀 PH | Associate Finance and Sustainable Finance, Asia Engine for Net Zero
🚀 ID | Multiple Openings, Youth for Energy Southeast Asia
🚀 TH | Projects Team Manager, Philanthropy Connections Foundation
Proudly collaborating with Jobs that makesense Asia. See more job listings.
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