TRACT, an Amsterdam-based platform focused on sustainability measurement for agricultural supply chains, has raised $11.2 million in new funding. This capital will help the company expand its services, including its SaaS platform that assists companies in the agricultural and food industries with reducing their carbon footprints.

The funds will primarily support initiatives related to scope 3 (indirect) emissions and improve reporting for EU regulations such as the CSRD and CSDDD, which require sustainability reporting and due diligence on the environmental practices of business partners. TRACT aims to provide insight into farmer income and enhance transparency in the agricultural supply chain.

Allison Kopf, CEO of TRACT, commented, "We believe in shaping increasingly sustainable agricultural supply chains for a better future. Partnering with The Working Capital Fund and Rabo Investments strengthens our independence as a company and shows confidence in our approach to creating a positive impact in the agricultural sector."

The investment round saw participation from new investors The Working Capital Fund and Rabo Investments, as well as existing shareholders like Archer Daniels Midland Company (ADM), Cargill, Louis Dreyfus Company (LDC), and Olam. TRACT’s platform, which provides data on environmental impacts without the complexities of managing large data systems, is used by major companies in the food and agriculture sectors to streamline sustainability reporting and supply chain management.

Floris Onvlee, director of corporate venturing at Rabo Investments, said, “We see TRACT being as best positioned to become the single go-to platform for sustainability data management and traceability across the agricultural supply chain. Our investment enables TRACT to accelerate its growth and launch more solutions to transition towards a more sustainable value chain.”