Singapore’s Agridence secured international investment to expedite its platform for multi-commodity compliance

On Wednesday, Agridence Pte. Ltd., a Singaporean technology company specializing in digital agri-commodity supply chains, announced a funding round headed by Cercano Management with assistance from Provident and EXEO Innovation Fund, two recurring strategic investors.

This will enable Agridence to quickly expand its multi-commodity compliance platform to assist its clients by addressing industry-wide issues like supply chain opacity, sustainability threats, and dispersed smallholder networks, the company said in a statement.

The statement claims that the additional funding will hasten the company’s go-to-market strategy and facilitate the company’s entry into new geographic markets and commodity verticals through strategic alliances and acquisitions.

In order to bolster his status as Agridence’s founder and the company’s largest individual shareholder, CEO Gerald Tan, who has guided the company’s growth since its founding in 2018, has made further investments.

This change from a corporate venture-built startup to a founder-owned and operated business demonstrates Tan’s dedication to providing Agridence’s clients with value.

“This funding marks a pivotal new chapter for Agridence. We are immensely grateful for the foundational support from our early corporate shareholders; their backing was instrumental during our startup phase and crucial in building the robust platform we have today,

“Now, as we mature, embracing a founder-led model is key to unlocking greater agility and neutrality. That’s why this shift isn’t just about capital; it’s fundamentally about ownership alignment and direct accountability,” said Gerald Tan, Chief Executive Officer and Founder of Agridence.

“The modular traceability infrastructure we built for natural rubber is now powering compliance for palm oil, cocoa, and beyond, proving these challenges are universal across agri-commodities, and we are now better positioned than ever to solve them,” he added.

The statement claims that the move to an independent, founder-led model improves alignment and enables Agridence to meet a crucial industry demand for a technology platform that is genuinely neutral and serves all stakeholders without corporate bias.

“Southeast Asia is a key source and integral region in the global agri-commodities supply chain. A platform like Agridence that applies technology while working with local stakeholders for a more transparent, sustainable, and responsible sourcing is imperative for the industry,

“With this additional capital and new model, we see immense potential in Agridence, especially so being independently led by a local founder who has an operating track record within the rubber sector and has a team with deep sector know-how and local knowledge,” said Yu Minjie, Managing Director at Cercano Management.

Notably, Agridence has developed from its beginnings in digitizing actual natural rubber trades to providing multinational corporations (MNCs) and industry associations with a comprehensive, multi-commodity platform.

Recent achievements include the use of Agridence’s reporting platform for the yearly submission of sustainability data by the Global Platform for Sustainable Natural Rubber (GPSNR), whose members account for roughly half of the global market.

Additionally, the company supports RSPO Certified Palm Oil trades and Sustainable Palm Oil Credits by powering the RSPO Certification, Trade and Traceability System (prisma). When this project launched in February 2025, it was anticipated that the system would have close to 20,000 users.