Leading Software as a Service (SaaS) platform, TRACT, renowned for its initiatives in promoting agricultural sustainability, proudly announces a significant boost in funding, obtaining an impressive US$11.2m. This financial support amalgamates ongoing endorsements from pivotal industry players including Archer Daniels Midland Company (ADM), Cargill, Louis Dreyfus Company (LDC) and Olam, with The Working Capital Fund and Rabo Investments, the investment branch of Rabobank, joining as new investors.
This infusion of capital underscores the escalating confidence in TRACT’s novel strategies targeted at addressing the formidable challenges of sustainability reporting and adherence faced by the agricultural sector. With these added resources, TRACT is set to further refine tools geared towards emissions tracking, bolster farmer income evaluations and aid enterprises in complying with the new European Union regulations.
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