Rural-focused digital marketplace Tractor Junction raises $22 million from Astanor, others

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Rural vehicle and mobility solutions platform Tractor Junction has raised $22 million in a funding round led by Europe-based firm Astanor, with Info Edge and Omnivore participating. Of the total funding, $17 million was equity, while the rest was debt.

The platform aims to use the proceeds to expand its presence in new states and strengthen its fintech offerings, such as credit and insurance for vehicles.

The company started out in 2018 as a platform for tractor discovery and information. Currently, it operates four platforms—Tractor Junction, Truck…



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Rural-focused digital marketplace Tractor Junction raises $22 million from Astanor, others



Rural vehicle and mobility solutions platform Tractor Junction has raised $22 million in a funding round led by Europe-based firm Astanor, with Info Edge and Omnivore participating. Of the total funding, $17 million was equity, while the rest was debt.

The platform aims to use the proceeds to expand its presence in new states and strengthen its fintech offerings, such as credit and insurance for vehicles.

The company started out in 2018 as a platform for tractor discovery and information. Currently, it operates four platforms—Tractor Junction, Truck…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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