Future Shape

– Indonesian social commerce startup Evermos raised $30m in Series B funding.
– The round was led by UOB Venture Management’s Asia Impact Investment Fund II and joined by IFC, MDI Ventures, Telkomsel Mitra Innovation and Future Shape, along with returning investors Jungle Ventures and Shunwei Capital.
– The funding will be used on hiring, enhancing Evermos’ recommendation engine and other AI-based tech, and entering new regions in Indonesia.
– The company says it currently has 100,000 active resellers in more than 500 Tier 2 and Tier 3 cities, mostly in Java. Its goal is to reach more than one million resellers throughout Indonesia over the next five years.

– XpertSea, a Canadian company transforming how seafood is farmed and traded, announced it has closed a $20M USD Series B funding round.
– The round was led by QED Investors and Atlantico with Investissement Quebec joining previous investors Obvious Ventures, Aqua-Spark, Tony Fadell’s Future Shape, Real Ventures and edō Capital.
– QED partner Lauren Morton will join XpertSea’s board, resulting in both an executive team and a board where women are in the majority.
– By 2050 our planet will need 70% more food production to feed 10 billion people. Aquaculture represents one of the most efficient and sustainable ways to supply that quality protein, but technology gaps and the lack of financial services to underbanked farmers are major barriers to growth.