# Trace Space

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/trace-space

- Industry: Software
- Headquarters: Miami, US
- Website: www.trace.space
- Total disclosed funding: $4M
- Latest round: Seed (Jan 28, 2025)
- Investors on record: 5

## About

Based in Latvia, and founded in 2023 by CEO Janis Vavere, Mikus Krams, and Karlis Broders, Trace.Space operates as a software as a service (SaaS) company that intends to provide software tools specifically for the industrial and automotive product manufacturing industries. In February 2023, Trace.Space raised EUR 1.3 million in pre-seed funding led by Fiedler Capital, with participation from Change Ventures, Foreword VC, Nebular, and Tiny Super Computer Investment Company. In January 2025, Trace Space, Inc. raised EUR 3.84 million in seed funding led by new investor Cherry Ventures, with participation from another new investor Outlast Fund. Returning investors Change Ventures, Fiedler Capital, and Nebular Management also participated in the round. The company provides software that allows industrial and automotive product manufacturers with AI-powered tools for managing 80% of the product development lifecycle. The software also offers multiple features, including the process of collecting, documenting, and validating requirements for the product. Trace.Space plans to use its proceeds from January 2025 funding to accelerate its production system and business expansion.

## Funding rounds

- Seed, Jan 28, 2025, $4M — Fiedler Capital, Cherry Ventures, Change Ventures, Nebular Management, Outlast Fund

## Investors

- Fiedler Capital (https://capitalatlas.ai/funds/fiedler-capital) — Seed
- Cherry Ventures (https://capitalatlas.ai/funds/cherry-ventures) — Seed
- Change Ventures (https://capitalatlas.ai/funds/change-ventures) — Seed
- Nebular Management (https://capitalatlas.ai/funds/nebular-management) — Seed
- Outlast Fund (https://capitalatlas.ai/funds/outlast-fund) — Seed