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January 18, 2024
1 min read

TrusTrace: Securing €22M Investment for Global Expansion of Product Traceability

TLDR:

  • Stockholm-based SaaS company TrusTrace has raised €22m ($26m) in a growth investment round led by Circularity Capital, with participation from existing investors Industrifonden and Fairpoint Capital.
  • The funds will be used to expand TrusTrace’s product traceability and compliance platform, strengthen its presence in key markets, and deepen product innovation and collaborations.
  • TrusTrace offers supply chain traceability solutions to fashion and textile brands, helping them achieve their sustainability goals and ensure regulatory compliance.
  • The company has seen five-fold growth in subscription revenue in the 27 months since its previous funding round.

TrusTrace, a Stockholm-based SaaS company specializing in product traceability and compliance, has raised €22m ($26m) in a growth investment round. The funding was led by Circularity Capital, a specialist investor in circular economy businesses, with participation from existing investors Industrifonden and Fairpoint Capital. TrusTrace’s platform helps fashion and textile brands achieve supply chain traceability and sustainability goals, ensuring compliance and managing risks across complex value chains. The investment will be used to accelerate the company’s global expansion, strengthen its presence in key markets, and drive product innovation and collaborations.

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