Izwan & Partners advises agritech startup Fefifo on its RM3.09 mil seed fundraising round

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We’re pleased to have advised Singapore-based agritech startup Fefifo on its recent RM3.09 mil pre-seed fundraising round

Kelveen Soh, co founder and CEO of Fefifo says: “Izwan has been, and still is, an invaluable partner as our legal counsel and friend throughout our journey as an agritech startup in Malaysia and Singapore. He has always been sincere in support through and through, across our fundraising and connecting us with relevant business connections. He helped us with the necessary legal contracts and shared his thoughts on the grants landscape and even helped us with the recent equity crowdfunding campaign.” 

Izwan & Partners managing partner Izwan Zakaria says: “Notwithstanding the global pandemic impacting the startup fundraising market, it is heartening to see continuing investment activity across Southeast Asia especially in Malaysia, with strong support of both angels and retail investors in this recent crowdfunding campaign. We are glad to have also worked closely with Ata Plus one of the leading crowdfunding platforms in Malaysia in this recent round. For technology companies such as agritech and foodtech, these are some of the most important and neglected areas that will need the most investment as we grapple with climate crisis and food security issues in years to come.”

Fefifo aims to empower the support system for modern agriculture and sustainable food systems to pave the way for B40 smallholders and young unemployed agri-graduates to get involved in a novel business model that gives them an encouraging lift above the income pyramid

With the new funding, Fefifo will kick start its pilot project early next year with a group of pilot farmers including product development for its proprietary ‘Digital Distributed Farms Network’ (DDFN) technology

Read the Bernama’s coverage here 

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