Fundz

Traction Ag raised $10M in Series A funding led by Cooperative Ventures

PRIVATEMay 23, 2024

Amount Raised

$10 Million

Round Type

Series A

AuburnInformation TechnologyFarming

Investors

Plymouth GrowthCooperative Ventures

Description

Traction Ag, a company specializing in farm accounting technology, raised $10M in Series A funding led by Cooperative Ventures and joined by Plymouth Growth and existing investors. The funding will support platform development and business growth.

Who else raised in Farming around the same time

Companies in the same sectors as Traction Ag that raised within 45 days of this round, from Fundz verified event records.

  • Gocarin Industries raised an undisclosed amount (Seed) on July 5, 2024.
  • Arya.ag raised $29M (Funding Round) on July 4, 2024.
  • eAgronom raised $11M (Series A) on July 2, 2024.
  • Conduit raised $37M (Series A) on June 30, 2024.
  • Scoutlabs raised $2M (Seed) on June 26, 2024.
  • Wakefield BioChar raised $525K on June 21, 2024.

Who to call at Traction Ag, and when

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Company Information

Company

Traction Ag

Location

106 W 12th St

Auburn, Indiana, United States

About

Traction Ag is the only farm management solution uniquely built for the cloud, integrating actual accounting numbers with field operations, resulting in real-time financial analysis for timely, informed decision-making. Traction Ag delivers the most extensive suite of farm-specific accounting capabilities in a cloud application and allows users to automatically and easily maintain inventory balances for crops and supplies, track costs of production and field level profitability, providing crucial insights and saving valuable time. The company is majority employee and farmer-owned business and leverages integrations with Climate FieldView and John Deere Operations Center to automate and ease the collection of field activities.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Traction Ag raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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