Tridge secures a $60 million investment from Forest Partners to enhance its agricultural trading platform, capitalizing on increasing demand for reliable market data amidst climate-induced price volatility.

Target Information

Tridge is an innovative startup that serves as a global trading platform for agricultural, livestock, and fishery products. The company leverages advanced AI technology and global human intelligence to collect and analyze pricing and supply information on agricultural products. Founded in 2015, Tridge has amassed a vast database that includes over 500 million pricing data points and information from 110,000 suppliers across 90 countries. This extensive information network surpasses even major agricultural firms like Cargill and investment banks such as Goldman Sachs.

Tridge's model focuses on providing vital data and facilitating trade in fluctuating markets, where changes due to climate conditions significantly affect supply and pricing. The founder, Shin Ho-joon, emphasizes the importance of immediate access to accurate market data to mitigate risks for businesses relying on agricultural products.

Industry Overview in South Korea

The South Korean agricultural industry grapples with significant challenges arising from climate change, which has led to volatile prices and inconsistent supply. According to the UN Food and Agriculture Organization (FAO), the glo