# Trust Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/trust-software

- Industry: Software
- Headquarters: Santa Monica, US
- Website: www.trust.co
- Total disclosed funding: $15M
- Latest round: Seed (Aug 11, 2021)
- Investors on record: 6

## About

Trust Software Inc. develops innovative solutions to enhance trust and transparency in digital transactions, offering advanced verification tools for secure identity verification and fraud prevention across various online platforms.Trust Software Inc. specializes in digital transaction security through advanced verification tools. Founded by a team including Apply Azerbaijan, Juliano Victorino, and others, the company is headquartered in Santa Monica, US. The firm has raised a total of USD 5.00 mn, with its most recent funding round, a VENTURE DEBT round, occurring on April 19, 2022, led by Upper90. This funding is intended to support the company’s expansion efforts.The company specializes in providing innovative solutions aimed at enhancing trust and transparency in digital transactions. Its core product offerings include a suite of advanced verification tools that facilitate secure identity verification and fraud prevention across various platforms. These tools cater to a diverse range of end users, including businesses in e-commerce, fintech, and online service sectors. The products have been deployed in North America, Europe, and parts of Asia, addressing challenges such as identity theft and the need for robust customer verification. By streamlining user authentication and ensuring compliance with regulatory standards, the company's offerings effectively meet the needs of clients seeking reliable solutions to enhance customer confidence and operational security.The company's revenue model is predominantly structured around subscription-based services and direct partnerships with businesses. Clients engage through tiered subscription plans that provide varying levels of service based on their specific needs. This model allows for scalable solutions, catering to both small enterprises and large corporations, along with revenue generated through transaction fees associated with verification processes across client platforms. The flagship product, known for its unique capabilities in identity verification, operates under a pricing structure that aligns with the volume of transactions processed, ensuring clients receive tailored solutions that match their operational scale.In April 2022, Trust Software Inc. raised USD 5 million in venture funding led by Sapphire Ventures, as part of a larger USD 30 million equity and debt financing initiative. The funds will be utilized to expand the company's network, leveraging talent from Snap. The company aims to launch new products designed to enhance its verification capabilities and plans to expand into additional geographic markets within North America and Europe by mid-2023.

## Funding rounds

- Seed, Aug 11, 2021, $9M — Lightspeed Venture Partners, Upfront, Lerer Hippeau Ventures, Manta Ray Ventures, Upper90
- Seed, Dec 9, 2020 — Lightspeed Venture Partners, Alumni Ventures Group
- Seed, Dec 17, 2019, $5.6M — Upfront, Lerer Hippeau Ventures, Manta Ray Ventures

## Investors

- Upfront (https://capitalatlas.ai/funds/upfront) — Seed
- Lerer Hippeau Ventures — Seed
- Manta Ray Ventures (https://capitalatlas.ai/funds/manta-ray-ventures) — Seed
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- Upper90 (https://capitalatlas.ai/funds/upper90) — Seed