TradeCafe Inc., a Toronto, Canada-based B2B marketplace and technology platform that facilitates the global trade of protein commodities, raised $10m in equity funding.
Round13 Capital made the investment, which brought the total funding raised to date to $43.5m. In conjunction with the funding, John Eckert, Round13 co-founder and Managing Partner, will be joining the TradeCafe board of directors.
The company plans to use the funding for global expansion, extension of the reach of its technology to new markets, and ongoing research and development for its commodities trading platform.
Led by Nicholas Walker, CEO, TradeCafe is a cloud-based technology platform and online marketplace for trading protein commodities. This global platform has been used to conduct, finance, and fulfill over $2 billion in trade transactions to date, and provides value across the entire supply chain, from producer to processor to retailer – at zero cost. The platform has more than 1,000 corporate participants.