Tech Company Financing Transactions
Traction Ag Funding Round
Allos Ventures, Elevate Ventures and Hageman Group joined a $3 million Seed funding round for Traction Ag. This venture round closed on 9/20/2022.
Transaction Overview
Company Name
Announced On
9/20/2022
Transaction Type
Venture Equity
Amount
$3,000,000
Round
Seed
Investors
Proceeds Purpose
The company will use this investment to bring added functionality and value to its integrated farm accounting and operations application.
Company Information
Company Status
Private & Independent
Industry
AgTech
Mailing Address
P.O. Box 600
Auburn, IN 46706
USA
Auburn, IN 46706
USA
Phone
Website
Email Address
Overview
Traction is the only farm management solution uniquely built for the cloud. It integrates your actual accounting numbers with your field operations, resulting in real-time financial analysis for timely, informed decision making. Our integrations with Climate FieldView and John Deere Operations Center automate the collection of field activities, saving valuable time entering field records. This delivers immediate insight of job costs and maintains dynamic inventory balances of supplies and crop inventory balances. Based in Auburn, IN, Traction is an independent company that is employee and farmer owned. Its team has extensive experience with farm accounting, farm payroll, operations, agronomy and agricultural software technology.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ian Harley
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