Hectare raises $20m in Series A funding to create a sustainable agricultural supply chain

Hectare today announces it raised $20 million in Series A funding last year to accelerate the growth of its digital solutions that connect the critical parts of the food supply chain.

The funding round was led by existing and private investors. The investment will be used to support Hectare’s Software-as-a-Service (SaaS) inventory, trading, logistics and market insights product development; and expansion into new international markets.

Hectare has seen significant growth and adoption since its launch in 2015. It has now facilitated over $1 billion in commodities trading through its technologies, which generate unique and extensive insights – from animal health to market price benchmarking – so agri businesses can make better informed decisions while increasing their sustainability, productivity and profitability.

More than 130,000 farm businesses now use Hectare’s solutions, making it one of the largest global networks of agricultural businesses. By directly connecting everyone in the supply chain through its digital solutions, Hectare is solving the invisible inefficiencies in the farm to factory gate supply chain.

In 2022, Hectare’s technology enabled farm businesses to optimise the trading of livestock, improving animal welfare and reducing the carbon footprint of the beef and sheep supply chain by 2.5m livestock miles.

To learn about Hectare’s product solutions please get in touch.