Traction Ag Inc., an Indianapolis, IN-based cloud-based farm management software that delivers financial solutions to growers across the midwest, raised $3m in Seed funding.
The round includes participation from Hageman Group, Allos Ventures and Elevate Ventures. In addition, Don Aquilano, co-founder and managing director of Allos Ventures, and Shane Hageman, president of Hageman Investments, will join the Traction Ag Board of Directors.
The company will use the funds to bring added functionality and value to its integrated farm accounting and operations application and further enhance the team.
The investment and expansion of the board with the company solidifying a renewed commitment to independence and focus on customers/stakeholders.
Led by Ian Harley, co-founder and CEO, Traction Ag delivers an extensive suite of farm-specific accounting capabilities in a cloud application, including accounting, operations and a fully digital payroll that automatically files and pays the grower’s Federal and State payroll taxes.
The company leverages integrations with Climate FieldView and John Deere Operations Center to automate and ease the collection of field activities.
FinSMEs
21/09/2022