TRACT raises €18.6 million to scale supply chain intelligence platform for global agrifood sector

Amsterdam-based TRACT has raised €18.6 million (US$20 million) in Series A funding to expand its enterprise platform, which helps the world’s largest agrifood companies build smarter, more transparent, and more resilient supply chains.

The round was led by climate tech venture capital firm Icos Capital, with participation from Invest International, Future Food Fund, Rabo Investments, Pymwymic, and Working Capital Fund. The funding will be used to advance TRACT’s platform capabilities, integrate with enterprise data systems, and support onboarding of global clients managing increasingly complex sourcing portfolios.

“Resilient supply chains are the foundation of a more equitable and sustainable food system,” said Allison Kopf, CEO of TRACT. “Sourcing leaders are under pressure to manage more risk, more data, and more complexity than ever before. This funding accelerates our next phase of growth as we scale the platform and support the companies shaping the future of responsible sourcing.”

TRACT’s technology is already used by several of the world’s largest consumer goods brands and commodity traders to map supply chains, monitor sourcing risk, and improve traceability. As climate volatility and geopolitical shifts redefine global sourcing, companies are seeking digital infrastructure that can provide real-time visibility and ensure compliance with tightening sustainability regulations.

“Supply chain traceability is key to preventing deforestation and making emissions transparent,” said Nityen Lal, Founding Partner at Icos Capital. “Through our Collaborative Venturing Platform with leading agrifood and chemical corporates, we back innovations like TRACT that turn complex supply chain data into real climate action.”

TRACT was founded through collaboration among four global agrifood giants – Archer Daniels Midland Company (ADM), Cargill, Louis Dreyfus Company, and olam food ingredients (ofi) – along with several other industry partners and non-profit organizations.

“As a founding partner of TRACT, ADM is proud to support a platform that brings further clarity and intelligence to global agrifood supply chains,” said Kai-Uwe Ostheim, VP Sustainability Portfolio at ADM. “TRACT enables companies to manage sourcing risk, collaborate across the supply chain, and make data-driven decisions that strengthen the efficiency and reliability of the food system.”

Roel van Poppel, Chief Sustainability Officer at ofi, said the new investor group reinforces the platform’s collaborative mission. “It has always been the purpose of TRACT to broaden the shareholder base to reinforce the for-the-industry, by-the-industry thinking of the venture,” he said. “Bringing this meaningful group on board not only safeguards TRACT’s growth trajectory but also showcases the broadening of the TRACT movement.”

The company’s growth comes at a time when sustainability targets are maturing and supply chain disruptions—from droughts and disease to market instability—are increasingly common. Procurement and sustainability leaders are now seeking secure, scalable systems that can handle vast amounts of supplier data and translate it into actionable insights.

“At Invest International, we see resilient and transparent supply chains as essential to building a sustainable, future-proof food system,” said Tim van Galen, Senior Investment Manager at Invest International. “TRACT is enabling exactly that, and we’re proud to support their global growth.”

Rabo Investments’ Director of Corporate Venturing, Floris Onvlee, described TRACT as part of a new category of infrastructure: “We are excited to see how TRACT has been developing and, with the support of our new shareholders, will continue to deliver tangible results for enterprise customers pursuing more sustainable and transparent supply chains.”

Pymwymic Partner Maarten van Dam added: “TRACT is driving the kind of transformation our food system urgently needs. We’re proud to back their growth and work with co-investors who share our commitment to turning sustainability ambitions into measurable impact.”

TRACT’s clients span a wide range of agricultural commodities – from cocoa and coffee to corn and cotton – using the platform to connect supplier data at the source with procurement and sustainability systems downstream. The company positions itself as the data bridge between global buyers and suppliers, enabling compliance, collaboration, and continuous improvement.

“As regulations such as the EU Deforestation Regulation (EUDR) come into force, TRACT delivers a one-stop platform for all sustainability needs, including compliance,” the company said. “We work with clients to ensure they’re ready to meet the rapidly approaching EUDR deadline and other emerging regulations.”

Future Food Fund Managing Partner Jaap Strengers said supply chain transparency is now a business imperative. “At Future Food Fund, we see supply chain transparency as a key enabler of resilient food systems. TRACT provides the critical infrastructure to turn complex data into actionable insights, making real impact scalable across global value chains,” he said.

Working Capital Fund Managing Partner Ed Marcum agreed, adding: “TRACT is addressing one of the most critical challenges in global agriculture – making sustainability measurable, actionable, and scalable. Their platform gives supply chain stakeholders the visibility they need to drive real change. We’re thrilled to back TRACT as they scale technology that makes responsible sourcing not just possible, but practical.”

With its expanded investor base and growing global reach, TRACT is now positioned to lead a new generation of enterprise platforms that turn sustainability data into concrete results – bridging the gap between reporting and real-world impact in the world’s most complex supply chains.