Traction

Traction

Verified
Farm management solution uniquely built for the cloud. Learn more

Launch date
Employees
Market cap
-
Net debt
-
Enterprise valuation
$40—60m (Dealroom.co estimates May 2024.)
Ohio United States (HQ)

Financials

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Revenues, earnings & profits over time
USD20222023
Revenues00000000
% growth-227 %
EBITDA00000000
Profit00000000
EV / revenue00.0x00.0x
EV / EBITDA00.0x00.0x
R&D budget00000000
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DateInvestorsAmountRound
investor investor investor

$0.0

round
N/A

$0.0

round
*

$10.0m

Series A
Total Funding000k

Recent News about Traction

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Traction Ag is a farm management software company that offers a comprehensive solution for farmers to manage their financial and operational data. The company's software integrates all farm data into cash and accrual general ledger reports, providing farmers with a detailed insight into their operations. This allows farmers to spend less time at their computers and more time on the field. The software is designed to be user-friendly, allowing farmers to work in each entity without changing projects, separate or combine reports, and even manage payroll and tax filing.

Traction Ag's software is web-based, allowing farmers to access key farm data from anywhere, and on any device. This feature enables farmers to make informed decisions even when they are away from their office. The software also connects to financial institutions, farm management software platforms, and soil labs, providing a holistic view of the farm's health.

The company's business model is based on a per bushel pricing strategy, making it affordable for any sized farm. This pricing strategy, coupled with the software's ease of use and excellent customer service, has made Traction Ag a top-rated farm management software company. The company's customers have reported saving up to 6 hours of paperwork a week, and many would recommend Traction Ag to other farmers.

Keywords: Farm Management Software, Financial Reporting, Operational Efficiency, User-Friendly, Web-Based, Mobile Access, Holistic Farm Health, Per Bushel Pricing, Customer Service, Time Saving.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.