The Meloy Fund
The Meloy Fund is a $20 million impact investment fund established in 2017 and managed by a subsidiary of Rare, based in Arlington, Texas. It focuses on providing debt and equity investments in fishing-related enterprises that promote the sustainable development and recovery of coastal fisheries in Indonesia and the Philippines. The fund aims to support initiatives that foster environmentally responsible fishing practices while enhancing local economies. Notable limited partners include a Dutch development bank, which contributed $5 million, and the fund is expected to receive additional investment from the Global Environmental Facility. Through its targeted investments, the Meloy Fund seeks to create positive social and environmental impacts in the regions it serves.
Jala Tech Pte. Ltd. is a company based in Sleman, Indonesia, that specializes in manufacturing monitoring devices for the shrimp farming industry. Its primary products include the JSLA portable and JALA continuous monitoring devices, which are equipped with five sensors that measure various water quality parameters in shrimp ponds. These devices transmit data to the cloud, enabling farmers to access real-time information through a mobile platform. Jala Tech's integrated solution not only provides water quality analysis but also includes tools for financial management and farming reporting. By offering these services, Jala Tech aims to help shrimp farmers optimize their yields and promote sustainable farming practices, addressing challenges related to harvest uncertainty and losses in the industry.
Jala Tech Pte. Ltd. is a company based in Sleman, Indonesia, that specializes in manufacturing monitoring devices for the shrimp farming industry. Its primary products include the JSLA portable and JALA continuous monitoring devices, which are equipped with five sensors that measure various water quality parameters in shrimp ponds. These devices transmit data to the cloud, enabling farmers to access real-time information through a mobile platform. Jala Tech's integrated solution not only provides water quality analysis but also includes tools for financial management and farming reporting. By offering these services, Jala Tech aims to help shrimp farmers optimize their yields and promote sustainable farming practices, addressing challenges related to harvest uncertainty and losses in the industry.
PT. SIG ASIA is a indonesian tuna processor.
Meliomar
Venture Round in 2016
The company will use the proceeds to increase its processing capacity and logistics, as well as strengthen its internal systems, supporting growth in volume as well as the development of additional product lines to complement its current offering. As part of the agreement, Meliomar will partner with Rare’s flagship coastal fisheries program, Fish Forever, to source at least ten tons of sustainable seafood annually from local Filipino communities as part of jointly developed fishery improvement projects (FIPs).