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TRACT Raised $11.2 Million for Enhancing Sustainability in Agricultural Supply Chains
Dec 03, 2024•over 1 year ago
Contract Type
partnership
Description
TRACT, a SaaS platform dedicated to enhancing sustainability in agricultural supply chains, announced it has raised $11.2 million in new funding. This funding round includes more investments from the company’s existing shareholders Archer Daniels Midland Company (ADM), Cargill, Louis Dreyfus Company (LDC), and Olam, alongside new partners The Working Capital Fund and Rabo Investments.
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Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months