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Revolutionizing UK Housing: TRACT Secures £10.5 Million in Funding to Tackle Planning System Challenges

2-10 employees
EUR 10.5M
Real Estate

We are thrilled to announce that TRACT has successfully raised £10,500,000 in our latest funding round, marking a significant milestone in our journey to revolutionize the housing sector in the United Kingdom. At TRACT, we recognize that housing is one of the most pressing domestic political challenges facing our nation today. We believe that the existing planning system plays a pivotal role in this crisis, stifling the development of adequate housing solutions and exacerbating issues of accessibility and affordability. To combat this, we are committed to building innovative software that enhances the planning process, making it more efficient, transparent, and responsive to the needs of local communities. This recent funding will enable us to accelerate the development of our cutting-edge technology, empowering planners and policymakers with the tools they need to tackle housing shortages head-on. We aim to create a more streamlined and data-driven approach to urban development, facilitating better decision-making and fostering smart, sustainable growth across the UK. As we embark on this exciting new phase of our growth, we are grateful for the support of our investors who share our vision of reshaping the future of housing. By harnessing technology to address systemic planning issues, we believe that TRACT can play a pivotal role in alleviating the housing crisis and ultimately creating a more equitable society. Stay tuned as we prepare to launch new features and initiatives that will bring us closer than ever to our goal of transforming the housing landscape for the better.

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Investors

Archer Daniels Midland Company (ADM)

Cargill

Louis Dreyfus Company (LDC)

Olam

The Working Capital Fund

Rabo Investments

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