Tridge Raises $37.2 Million at $2.7 Billion Valuation

Tridge is a start-up that provides an online trade platform for matching global agriculture buyers and sellers. The platform’s service includes a range from research to ordering, thus buyers can source their food and agriculture items at reasonable prices. Moreover, vendors have an opportunity to find buyers for perishable goods and diversify sales channels.

The latest funding was led by DSAsset. Total Tridge’s financing since its launch is $111.7 million. The funding raised will be used for the launch of a new service, as well as technology investments and further expansion, mainly focusing on Europe, the USA, and other countries including Turkey, India, Brazil, Vietnam, and Tanzania.

Tridge, Seoul, South Korea, was founded by Hoshik Shin, Kangwook Lee, and Minjong Chung in 2015. As of now, the company has offices in 45 countries and employs approximately 600 people. Tridge’s customer base includes both farmers and global retailers, among them are Costco, Kellogg’s, Walmart, Nestle, and others. The company’s market intelligence service offers food supply chain analysis, and market reports of agricultural products and commodities such as tomatoes, apples, avocados, garlic, coffee beans, and seafood. “Now there are a lot of actual transactions [on Tridge’s platform] occurring in many countries, including the U.S., Brazil, Turkey, India, Vietnam, Australia, Tanzania, the Netherlands, and Canada. The sales have been on the rise since September last year,” Hoshik Shin, founder and CEO of Tridge.

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