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Agricultural commodity hedging platform Secure has landed a $60 million Sequence B funding spherical.
Secure CEO Wealthy Counsell
The spherical was led by Acrew and noticed participation from Greycroft, Notion Capital, Syngenta and Continental Grain Firm. Acrew’s Vishal Lugani may even be part of Secure’s board of administrators.
Secure, the self-proclaimed ‘house of hedging’ for the $5 trillion agricultural commodity business, payments itself as a manner for companies to “shield themselves from unstable commodity costs”.
Based in 2017 in Somerset, UK, Secure now lists greater than 500 untraded commodities that may be hedged on the platform. Its shoppers vary from multinational foods and drinks firms to household farms throughout the Americas.
Secure will use the money from the Sequence B to spend money on new merchandise, together with a monetary information aggregator and a threat administration answer.
Secure CEO Wealthy Counsell says: “Hedging is seen as advanced and dangerous to most enterprise house owners, but the advantages of bringing stability and predictability to an earnings assertion shouldn’t be reserved for big multinationals and complex merchants.”
Secure now operates throughout the US, Europe and Asia, using greater than 60 commodity consultants, quants and information scientists.
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