Rize: Singapore-Based Agritech Startup Secures $31 Million in Series B Funding

Rize, a Singapore-based agritech startup, has successfully raised $31 million in a Series B funding round through a combination of equity and debt financing. Notable participants in this round included BNP Paribas Asset Management Alts, Temasek, The Rockefeller Foundation, and Breakthrough Energy Ventures. The debt component was supported by United Overseas Bank, Bank for Investment and Development of Vietnam, and Temasek Foundation.

Utilising Funding for Sustainable Agriculture

The funds will be allocated to enhance Rize’s operations, bolster its technology platform, and promote the adoption of sustainable rice farming methods in its target regions.

Focus on Sustainable Rice Cultivation

Founded by Dhruv Sawhney from Bengaluru, Rize aims to revolutionise sustainable rice cultivation by collaborating with farmers to improve their yields while lowering emissions through technology-based agricultural practices. Currently, the company operates predominantly in Southeast Asia and intends to leverage this new funding to strengthen its foothold in Vietnam and Indonesia. Additionally, Rize is exploring opportunities in new markets, with India being one of the priority locations.

Reflecting on Previous Funding Rounds

This latest investment round follows Rize’s earlier success in securing $14 million during its Series A funding in 2024. The previous round was co-led by Breakthrough Energy Ventures, GenZero, Temasek, and Wavemaker Impact.