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

(Bloomberg) — South Korean agriculture and food trading platform Tridge Co. Ltd. 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 Co. Ltd. was the sole investor in the Seoul-based company’s Series D financing, joining earlier backers including SoftBank Ventures Asia and Forest Partners Ltd. and taking Tridge’s cumulative funding to 150 billion won.