TRACT Raises $11.2 Million in Funding

TRACT Raises $11.2 Million in Funding

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

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.

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

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