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Agridence Secures Investment to Enhance Global Compliance Platform
Agridence, a Singapore-based agri-tech company, has obtained additional funding from Cercano Management, supported by EXEO Innovation Fund and Provident, to expand its multi-commodity compliance platform. This investment aims to enhance traceability and ESG solutions across agri-commodity sectors globally.
Founded in 2018, Agridence transitions to a founder-led model as CEO Gerald Tan increases his investment. This shift is designed to better align ownership and increase agility. Agridence's traceability infrastructure, initially developed for natural rubber, now extends to palm oil, cocoa, and other commodities.
The company has made significant strides, including collaborations in sustainable natural rubber and RSPO-certified palm oil trades. Agridence is poised to expand into new commodities and geographic areas, leveraging this new capital to drive strategic partnerships and sector inclusion.
R. H.
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