TradeCafe Secures $10M Equity Investment From Round13 Capital
25 Febrero 2021 - 8:17AM
Business Wire
Investment enables TradeCafe to expand the
reach of its protein trading technology platform
TradeCafe Inc., a B2B marketplace and technology platform that
facilitates the global trade of protein commodities, today
announced that it has secured a $10 million equity investment from
Round13 Capital. Concurrent with the investment, John Eckert,
Round13 co-founder and Managing Partner, will be joining the
TradeCafe board of directors.
TradeCafe plans to use the funding to support the company’s
global expansion, extend the reach of its technology to new
markets, and enable ongoing research and development for its
commodities trading platform. This investment brings the total
funding raised to date to $43.5 million.
TradeCafe is a cloud-based technology platform and online
marketplace for trading protein commodities. This global platform
has been used to conduct, finance, and fulfill over $2 billion in
trade transactions to date, and provides value across the entire
supply chain, from producer to processor to retailer – at zero
cost. The TradeCafe platform has more than 1,000 corporate
participants and is backed by a multilingual team with extensive
commodities trading experience.
“TradeCafe is driving a significant transformation in the way
physical protein commodities are traded and transactions are
fulfilled. We will be working closely with the team at TradeCafe to
accelerate the conversion of a largely manual trading process to a
digital solution,” said John Eckert, co-founder of Round13 Capital.
“The digitization of this industry is long overdue, and we expect
TradeCafe will experience widespread industry adoption as the
solution becomes recognized as a giant step forward in
efficiency.”
“Over the past two years we have created significant value for
TradeCafe platform participants by digitalizing and simplifying
complex processes faced by primary producers, processors,
retailers, and service providers, allowing for better, faster, and
cheaper trades and transaction flow,” said Nicholas Walker, CEO of
TradeCafe. “As we prepare for the next phase of our growth, this
injection of capital from Round13 – along with their team’s
experience working with fast-growing digital enterprises – will
enable us to further accelerate global usage of the TradeCafe
platform.”
TradeCafe is the only cloud-based global trading platform that
conducts, finances, and fulfills trade transactions in the protein
commodities space. It is an online marketplace where everything in
the complex logistics process is automated, centrally organized,
and visible to all counterparties. Trading documents can be created
and uploaded, invoices can be automatically generated and paid, and
product can be tracked from farm to delivery point. Account and
pricing history can also be plotted graphically to visualize market
trends and manage cash flow cycles.
About TradeCafe
Founded in 2015, TradeCafe is a B2B marketplace and technology
platform that facilitates the global trade of protein commodities.
It is used by primary producers and processors, retailers, and
distributors around the world to conduct, finance, and fulfill
protein trade transactions. Additional information is available at
TradeCafe.com.
About Round13 Capital
Round13 Capital is a Toronto-based venture capital firm that
invests in growth-stage technology businesses. The firm is managed
by experienced investors and operators. It uses a disciplined
investment approach to identify exceptional entrepreneurs running
companies with market leadership potential. Round13 works
‘hands-on’ with its portfolio companies to unlock strategic and
financial value. For additional information, visit round13.com.
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Jodi Echakowitz jodi@boulevardpr.com