Tract, an Amsterdam, the Netherlands-based provider of a SaaS platform dedicated to enhancing sustainability in agricultural supply chains, raised $11.2M in funding.
Backers included Archer Daniels Midland Company (ADM), Cargill, Louis Dreyfus Company (LDC), and Olam, alongside new partners The Working Capital Fund and Rabo Investments.
The company intends to use the funds to accelerate initiatives related to scope 3 emissions tracking and insights into farmer income, as well as work to support reporting related to CSRD and CSDDD.
Led by CEO Allison Kopf, TRACT is a provider of traceability and sustainability data solutions for the global agricultural supply chain. It is used by food and agriculture companies to reduce the burden of sustainability reporting, providing end-to-end due diligence and data sharing functionality.
FinSMEs
19/11/2024