이 기사는 2021년 06월 11일 07시36분 thebell에 표출된 기사입니다

Tridge, South Korea’s B2B platform for food and agricultural goods, is set to become a unicorn company with a valuation over 1 trillion won ($897 million).

Seoul-based private equity (PE) firm Forest Partners recently invested 70 billion won in Tridge, industry sources said Wednesday. The PE firm has made an additional investment after it first invested in the platform in 2018. The PE firm also invested 10 billion won in Tridge last year to capitalize on the company’s growth potential in overseas markets.

Founded in 2014, Tridge provides digital trading platform for food and agricultural products. The company helps clients effectively identify the right suppliers, receive offers with competitive prices, and get connected with verified parties in up to 70 countries.

Tridge raised 3 billion won from SoftBank Ventures in a Series A funding round in 2016. It raised 3 billion won from Forest Partners and 500 million won from SoftBank Ventures in 2018. U.S.-based Activant Capital also invested around 2.2 billion won in the company, valuing the company at 150 billion won. Tridge’s enterprise value has tripled in three years.

With its platform model starting to get commercialized, Tridge’s enterprise value has increased rapidly. The company currently owns more than 10 billion trading data for more than 1200 products while providing price data for 600 million products and directory of more than 10 million suppliers and consumers. Last year, Tridge launched its market intelligence service for global distribution companies and consulting firms and the non-face-to-face fulfillment service, which is showing rapid growth. (Reporting by Se-hun Jo)