TrusTrace’s $24m Series B led by Circularity Capital
We are pleased to have acted as exclusive financial adviser to TrusTrace, a global SaaS company with a market-leading platform for product traceability and compliance, on its $24m Series B fundraise led by Circularity Capital with participation from existing investors Industrifonden and Fairpoint Capital. The partnership will enable TrusTrace to further accelerate its global expansion ambitions by strengthening its presence in key markets, deepening product innovation and expanding collaborations.
Established in 2016, TrusTrace offers a market-leading platform for supply chain traceability and compliance, enabling brands and suppliers around the world to standardise how supply chain and material traceability data is captured, digitised and shared. Through providing access to validated supply chain data, TrusTrace empowers brands to identify, understand and improve the impact of their supply chain. The data can be used for risk management, compliance, product claims and footprint calculations, offering the ability to share data confidently and easily about product origin, impact, and much more.
Circularity Capital is a European growth stage investor in the Circular Economy. Circularity was founded in 2015 with the belief that circular companies deserve a specialist investor, and that this combination would drive premium investment returns alongside measurable positive impact.
This fundraise further demonstrates Torch Partners’ expertise and successful track record in the ESG / Traceability B2B SaaS space, with six transactions facilitated in this sector across the past two and a half years.
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