Singapore's Rize Raises $31 Million Series B to Scale Sustainable Rice Farming

Singapore's Rize Secures $31 Million Series B Funding to Expand Sustainable Agriculture

Singapore-based agritech startup Rize has raised $31 million in Series B funding, including $20 million in equity and $11 million in debt, to accelerate its sustainable agriculture initiatives across Southeast Asia.

The equity investment was led by BNP Paribas Asset Management Alts, with participation from The Rockefeller Foundation. Existing investors Temasek and Breakthrough Energy Ventures also joined the funding round, while debt financing was provided by BIDV, Temasek Foundation, and UOB.

With this latest investment, Rize has secured $47 million in total funding since launching in late 2022.

Funding to Support Regional Growth and AI Innovation

Rize plans to use the fresh capital to expand its export operations, develop AI-powered tools for farmers and field teams, strengthen its supply chain, accelerate carbon certification efforts, and support expansion into additional Southeast Asian markets.

The company aims to improve agricultural productivity while helping farmers adopt environmentally sustainable farming practices through technology-driven solutions.

Supporting Thousands of Farmers Across Southeast Asia

Rize currently works with nearly 17,000 smallholder farmers across more than 50,000 hectares of farmland in Indonesia and Vietnam. According to the company, its operations have grown more than tenfold over the past two years.

The startup has also exported over 1,500 metric tonnes of low-emission rice to customers in Europe, Canada, Australia, and Singapore, with plans to further expand its international market presence.

Building a Sustainable Rice Supply Chain

Founded in late 2022 through a collaboration between Temasek, 100×100, and Breakthrough Energy Ventures, Rize operates a technology-enabled rice supply chain that combines agronomic expertise, digital tools, and market access.

Its platform helps smallholder farmers adopt sustainable cultivation techniques while supplying low-emission rice to both domestic and global markets.

Expanding Carbon Credit Opportunities

Beyond rice production, Rize is building a carbon business centered on sustainable farming. The company said its projects have received an A.pre ex-ante rating from BeZero Carbon and are progressing toward Gold Standard certification.

Once certified, the projects could generate more than one million carbon credits over the next five years.

Promoting Climate-Friendly Farming Practices

Rize encourages farmers to adopt the Alternate Wetting and Drying (AWD) irrigation method, which the company says can reduce methane emissions by up to 50%, decrease water usage by 20–30%, and increase farmer incomes by as much as 30% without reducing crop yields.

CEO Dhruv Sawhney said the new investment will help the company scale its operations, strengthen export capabilities, and continue investing in technology that improves productivity across the agricultural value chain.

BNP Paribas Asset Management Alts said its investment reflects confidence in Rize's business model, which combines sustainable agriculture, carbon finance, and verified commodity trading to create both environmental impact and long-term commercial value.