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TrusTrace Completes (U.S.) $24 Million Growth Investment Led by Circularity Capital to Drive Global Expansion

PRIVATEJan 22, 2024

Amount Raised

$24 Million

Round Type

Venture

SundbybergSoftware Development

Investors

Fairpoint CapitalIndustrifondenCircularity Capital

Description

TrusTrace has announced the completion of a (U.S.) $24 million growth investment led by Circularity Capital, a specialist investor in businesses that enable the circular economy, with participation from existing investors Industrifonden and Fairpoint Capital. The new investment will enable the company to further accelerate its global expansion ambitions by strengthening its presence in key markets, deepening product innovation and expanding collaborations.

Who else raised in Software Development around the same time

Companies in the same sectors as TrusTrace that raised within 45 days of this round, from Fundz verified event records.

  • Kevel raised $23M (Series C) on March 7, 2024.
  • Synadia Communications raised $25M (Series B) on February 28, 2024.
  • Pimberly raised $5.1M (Funding Round) on February 26, 2024.
  • Serverpod raised $1.8M (Seed) on February 23, 2024.
  • EigenLabs raised $100M (Series B) on February 23, 2024.
  • Xergy raised $3.9M (Series A) on February 23, 2024.

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Company Information

Company

TrusTrace

Location

Sundbyberg, Stockholms län, Sweden

About

TrusTrace is a leader in fashion supply chain traceability. Our technology empowers brands and suppliers around the world to standardize how supply chain and material traceability data is captured, digitized and shared. With all trusted supply chain traceability data stored on a single platform, brands get the right evidence in the right place to back-up product claims and meet regulatory compliance.

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TrusTrace raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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