202220 Sep

Ag Announces $3 Million Seed Funding to Further Expand Cloud-based Farm Accounting and Management Application

Summary

INDIANAPOLIS, Ind., Sept. 20, 2022 Traction Ag Inc., the first cloud-based farm management software that delivers financial solutions to growers across the midwest, today announced it has raised $3 million in Seed funding. Traction Ag automates data collection to save time, improve accuracy, and equip farmers with financial tools to improve their decision making and peace of mind.We view Traction Ags farm accounting solution as a long-term investment for a generational change in agriculture, said Don Aquilano, co-founder and managing partner at Allos Ventures. Its customer success team will also expand to continue to provide excellent service, which remains an important pillar of the companys overall solution.To learn more about Traction Ag, please visit tractionag.com.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, providing crucial insights and saving valuable time. The company is an 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.

Source: Tractionag

Funding

$3M
Amount
Sep 20 2022
Date
-
Investor
Traction Ag
Company

Classifications

Companies