Sustainable rice platform Rize raises $31 million in Series B funding round
Sustainable rice platform Rize has raised $31 million in Series B funding to expand its operations in Southeast Asia. The company uses AI and climate-focused initiatives to modernize rice cultivation for smallholder farmers.
Why it matters
Demonstrates the growing intersection of agricultural technology and climate finance in addressing global food security and methane emissions.
Rize, a sustainable rice platform co-founded by Bengaluru-based Dhruv Sawhney, announced the close of a $31 million Series B funding round, comprising $20 million in equity and $ 11 million in debt financing, on July 16.
The round brings together a coalition of climate-focused and development finance investors committed to scaling Rize’s model across Vietnam, Indonesia, and the wider region of Southeast Asia.
The raise brings Rize’s total funding to date to $47 million, and will be deployed across export expansion, AI-powered tools for farmers and field teams, carbon and innovation initiatives, and organisational growth. In the two years since its Series A, Rize has scaled operations more than tenfold, according to the company.
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