Tridge
Funding History
| 2020 Funding Round · 04/2020 | $140M |
|---|---|
| Series C · 07/2021 | $500M |
| Series D · 08/2022 | $2.7B |
About
Tridge is headquartered in Seoul, South Korea, and describes itself as a digital trading and market-intelligence platform serving food and agriculture buyers and suppliers globally.
- headquarters
- Seoul, South Korea
- founded
- 2015
- founderCEO
- Hoshik Shin
- valuation
- $3 billion (KRW 3.6 trillion, per company materials)
- offices
- 40+ global offices (as of 2022)
Overview
Tridge builds software and data infrastructure for global agri-food trade. Its core offerings -- described on its own site as Tridge Eye (market intelligence and supplier discovery for buyers) and Tridge Ark (sales outreach and product showcase tools for exporters) -- sit on top of a claimed 12+ years of accumulated trade data covering agricultural and food commodities, and are aimed at procurement teams, commodity exporters, traders, manufacturers and government bodies. The company also historically offered fulfillment services, including cross-border logistics and co-packing/warehousing support, to help buyers source alternative supply during pandemic- and climate-driven disruptions.
Founder and CEO Hoshik Shin has said the idea traces to 2013, when a 60,000-ton coal supply contract he was involved in fell apart after the seller broke the agreement amid rising prices -- an experience he has described as exposing deep inefficiencies and opacity in global commodity trade. He first built Tridge Finders, a community platform for market-information sharing among industry experts; after finding that more than 70% of inquiries on it were agriculture-related, he redirected the business toward building a dedicated global agri-food trade platform, formally establishing Tridge in 2015. The company raised a Series C round of $60 million in July 2021 and a Series D round of $37 million in August 2022 (at a reported $2.7 billion valuation), and describes 2022 as the year it became what it calls the world's first agrifood unicorn.
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