Brazilian grain trading marketplace Tarken secured $3.5 million in a seed round, co-led by Monashees and Maya, to continue developing its technology that connects grain buyers and sellers and operates an artificial intelligence tool for commodity pricing.

Luiz Tângari and Carlos Neto founded Tarken this year after working together in agriculture for the past eight years at Strider, a crop protection systems company they co-founded and later sold to Syngenta in 2018. After integrating the company, they left and started Tarken, which is initially focused on corn, which Tângari estimates to be a $30 billion market. Tângari also notes that Tarken is on track to begin raising a Series A round and expects that to begin in six months.

Monashees Backs Grain Trading Startup Tarken

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Monashees Backs Grain Trading Startup Tarken

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