TRACT Raises $11.2 Million in Funding

by Kay Aloha Villamor in November 20th, 2024

TRACT, an Amsterdam, Netherlands-based SaaS platform focused on enhancing sustainability in agricultural supply chains, has raised $11.2 million in new funding. 

Investors 

The round saw investments from existing shareholders Archer Daniels Midland Company (ADM), Cargill, Louis Dreyfus Company (LDC), and Olam, as well as new partners The Working Capital Fund and Rabo Investments, the investment arm of Rabobank. 

TRACT Use of Funds 

The funding will fuel TRACT's growth and expand its solutions to foster sustainable practices across the food and agriculture sectors. 

About TRACT 

TRACT provides traceability and sustainability data solutions for the global agricultural supply chain. Its mission is to remove the burden of data management and resolve the debate on methodology so that companies can drive meaningful impact as they navigate their supply chains. TRACT is used by leading food and agriculture companies and has published methodologies on Deforestation Assessment endorsed by companies such as Nestlé, Soya Hellas, Cargill, ADM, LDC, Olam Agri, and ofi.

Funding Details 

Company: TRACT B.V. 

Raised: $11.2M 

Round: Undisclosed 

Funding Date: November 2024 

Investors: Archer Daniels Midland Company, Cargill, Louis Dreyfus Company, Olam, The Working Capital Fund, Rabo Investments 

Company Website: https://www.tract.eco/  

Software Category: Traceability and Sustainability Data Solutions 

Source: https://www.prweb.com/releases/tract-secures-11-2-million-in-new-funding-to-accelerate-growth-and-empower-sustainable-agriculture-302308320.html

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