# TrustEgg

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/trustegg

- Industry: Software
- Headquarters: Princeton, US
- Website: www.trustegg.com
- Total disclosed funding: $1.1M
- Latest round: Seed (Dec 20, 2013)
- Investors on record: 7

## About

TrustEgg is a financial technology company specializing in Child Trust Funds (CTFs), providing families with a secure platform for tax-efficient savings aimed at fostering financial independence for children.TrustEgg is focused on managing Child Trust Funds (CTFs) that help families save for their children's futures. The company is headquartered in Princeton, US. TrustEgg raised USD 1.000 mn in Seed funding on December 20, 2013, with investors including Foresight Ventures and Harvard Business School Alumni Angels. The total amount raised by the company is USD 1.000 mn.TrustEgg primarily focuses on providing Child Trust Funds (CTFs), a long-term savings plan initiated by the UK government in 2002. These funds allow families to contribute tax-free savings, enhancing financial independence for young adults at the age of 18. TrustEgg's offerings include environmentally responsible investment options, targeting families with children eligible for CTFs across the UK, emphasizing sustainability among potential investors.TrustEgg generates revenue through transaction fees related to managing Child Trust Funds. The company offers CTF accounts funded via government vouchers and personal contributions, which leads to a steady flow of transactions as families make deposits. Revenue is also derived from management and transaction fees associated with investment options and account maintenance, with the Child Trust Fund being a central component of its revenue model.TrustEgg plans to enhance its product line by introducing new features aimed at improving user experience. The company is also considering expanding its services into additional geographic regions beyond the UK, though specific markets have yet to be disclosed. The recent Seed funding of USD 1.000 mn will support these initiatives, particularly in product development and market expansion efforts.

## Funding rounds

- Seed, Dec 20, 2013, $1M — Tech Coast Angels, Foresight Ventures, Harvard Business School Alumni Angels, Innovation Garden, Rubicon Venture Capital
- Seed, Feb 20, 2012, $0.1M — Y Combinator, Start Fund

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Start Fund — Seed
- Tech Coast Angels — Seed
- Foresight Ventures (https://capitalatlas.ai/funds/foresight-ventures) — Seed
- Harvard Business School Alumni Angels — Seed
- Innovation Garden — Seed
- Rubicon Venture Capital (https://capitalatlas.ai/funds/rubicon-venture-capital) — Seed