ADM, Cargill, LDC, ofi under TRACT platform secures Series A funding
The Series A funding will be used to scale TRACT’s operations globally, enhance its platform capabilities, and expand its customer base across the agri-food sector.
NETHERLANDS – TRACT, a supply chain intelligence platform founded and backed by major agri-food companies including Archer Daniels Midland (ADM), Cargill, Louis Dreyfus Company, and Olam Food Ingredients (ofi), has successfully secured €18.6 million (US$21.6 million) in Series A funding to scale its global operations.
The funding round, led by climate tech investor Icos Capital and including participation from Invest International, Future Food Fund, Rabo Investments, Pymwymic, and Working Capital Fund, aims to expand the platform’s capabilities, enhance data integration systems, and broaden its client base in the agrifood sector.
TRACT provides a technology platform designed to help agribusinesses and consumer packaged goods companies map their supply chains, monitor sourcing risks, manage sustainability data, and comply with increasing regulatory requirements such as the EU Deforestation Regulation.
Its tools are particularly valuable in sectors such as cocoa, coffee, corn, and cotton, where tracing product origins and ensuring responsible sourcing practices are critical to meeting environmental, social, and governance (ESG) standards.
The Series A funding will be used to scale TRACT’s operations globally, enhance its platform capabilities, and expand its customer base across the agri-food sector.
The company plans to invest in advanced analytics, machine learning, and user experience improvements to serve commodity traders better, consumer packaged goods (CPG) brands, and other stakeholders.
This shared approach enhances transparency and simplifies access to ESG metrics, allowing companies across the supply chain to make more consistent, actionable decisions to improve sustainability and operational efficiency.
Allison Kopf, CEO of TRACT, stated that resilient and transparent supply chains are key to creating a more equitable and sustainable food system.
The newly raised capital will accelerate TRACT’s growth, enabling it to support companies navigating the increasing complexities of supply chain management, data volume, and risk in a rapidly changing climate landscape.
The involvement of leading global players like ADM, Cargill, and ofi not only lends significant industry credibility to TRACT but also ensures the platform is closely aligned with the practical needs of agrifood businesses.
This Series A round marks a significant milestone for TRACT, positioning it at the forefront of supply chain transparency and intelligence by leveraging technology to help agrifood leaders reduce environmental impacts, improve compliance, and build more resilient sourcing networks worldwide.
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