Singapore-headquartered agri-tech platform Rize today announced the close of a $31 million Series B funding round, comprising $20 million in equity and $11 million in debt financing, according to the company. The round brings together a coalition of climate-focused and development finance investors to scale Rize's model across Vietnam, Indonesia, and the wider region.
Funding Breakdown and Investors
The equity raise is led by BNP Paribas Asset Management Alts and joined by The Rockefeller Foundation, alongside renewed commitments from existing investors Temasek and Breakthrough Energy Ventures. Debt financing is catalysed by BIDV, Temasek Foundation, and UOB. According to the announcement, the raise brings Rize's total funding to date to $47 million.
| Component | Amount | Key Participants |
|---|---|---|
| Equity | $20 million | BNP Paribas Asset Management Alts (lead), The Rockefeller Foundation, Temasek, Breakthrough Energy Ventures |
| Debt | $11 million | BIDV, Temasek Foundation, UOB |
| Total | $31 million | — |
“We see our investment in Rize as reflective of our conviction that capital deployed into high-impact, durable platforms in underserved markets can deliver meaningful and measurable environmental outcomes to help address climate challenges.” — Alexandre Martin-Min, Head of Natural Capital & Impact Investments, BNP Paribas Asset Management Alts.
Scaling Operations and Technology
Rize emerged in late 2022 from a shared vision between Temasek, 100x100, and Breakthrough Energy Ventures, with 100x100 playing a key role in the early-stage build, the report noted. In the two years since its Series A, the company has scaled operations more than tenfold. The Series B will fund strengthening market linkages into export markets, scaling up alternative wetting and drying (AWD) adoption and maximum residue limit (MRL) compliance, doubling down on innovation and modern farming practices, expanding into new markets across borders, and opening the platform to new ecosystem partners.
The platform provides AI-powered tools for farmers and field teams, supporting precision agriculture, carbon measurement, and sustainable practices. According to the announcement, Rize now works with 17,000 smallholder farmers across over 50,000 hectares in Vietnam and Indonesia, with a team of 250 people on the ground across technology, agronomy, and field operations. The company intends to deploy the new capital across export expansion, AI-powered tools, carbon and innovation initiatives, and organisational growth.
Implications for Enterprise Technology Leaders
For CTOs and digital transformation leaders in supply chain and logistics, Rize's model demonstrates the viability of AI-driven agricultural technology in underserved markets. The platform's focus on AI-powered tools for field teams and export market linkages offers a blueprint for integrating smallholder farmers into global supply chains through technology. The involvement of development finance and climate-focused investors signals a growing appetite for tech platforms that deliver measurable environmental outcomes alongside commercial returns, a trend that may influence how enterprises evaluate technology investments in trade and logistics.
Sources:
