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SoftBank-Backed Agri Startup Turns Unicorn With $2.7 Billion Tag

  • Tridge, which sends food around the world, raises $37 million
  • Startup says it helps shave costs by connecting traders

South Korean agriculture and food trading platform Tridge Co. raised 50 billion won ($37 million) at a 3.6 trillion won valuation, becoming the latest billion-dollar startup in SoftBank Group Corp.’s stable. 

DS Asset Management was the sole investor in the Seoul-based company’s Series D financing, joining earlier backers including SoftBank Ventures and Forest Partners and taking Tridge’s cumulative funding to 150 billion won.