Traction Ag Inc., a cloud-based farm management software firm, announced it has raised $3 million in seed funding.
The Midwest-based company will use this investment to bring added functionality and value to its integrated farm accounting and operations application.
The funding round includes participation from Hageman Group, Allos Ventures and Elevate Ventures. In addition, Don Aquilano, co-founder and managing director of Allos Ventures, and Shane Hageman, president of Hageman Investments, will join the Traction Ag Board of Directors. The investment and expansion of the board aims to solidify a renewed commitment to independence and focus on customers/stakeholders.
Traction Ag produces farm-specific accounting capabilities in a cloud application, including accounting, operations and a fully digital payroll that automatically files and pays the grower's Federal and State payroll taxes.
Traction Ag will use this round of funding to rapidly expand its platform's capabilities. Its customer success team will also expand to continue to provide excellent service, which remains an important pillar of the company's overall solution.
More information is available at the Traction Ag website.