# TrusTrace

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

- Industry: Software
- Headquarters: Stockholm, Sweden
- Website: www.trustrace.com
- Total disclosed funding: $30M
- Latest round: Series B (Jan 18, 2024)
- Investors on record: 5

## About

Founded in 2016 and based in Stockholm, Sweden, Swin Technologies AB, doing business as TrusTrace, operates an information technology company that offers software solutions. The company was founded by its CTO, Madhava Venkatesh, CEO, Shameek Ghosh, COO, Saravanan Parisutham, and CGO, Hrishikesh Rajan. In January 2024, TrusTrace raised USD 24 million in Series B funding led by Circularity Capital, Fairpoint Capital, and Industrifonden.

TrusTrace offers a software platform that allows businesses to track the production process of their goods, from the raw materials to the finished product. The firm’s client base includes Brooks Running, Tapestry, and Asics. The company offers tools to gather, analyze, and manage data related to product production, from raw materials to finished goods.

The company plans to use the funds raised in January 2024 to support its international expansion and strengthen its market presence, as well as further product development and collaborations.

## Funding rounds

- Series B, Jan 18, 2024, $24M — Industrifonden, Circularity Capital, Fairpoint Capital
- Series A, Oct 14, 2021, $6M — Industrifonden, BackingMinds, Fashion for Good, Fairpoint Capital

## Investors

- Industrifonden (https://capitalatlas.ai/funds/industrifonden) — Series A, Series B
- BackingMinds (https://capitalatlas.ai/funds/backingminds) — Series A
- Fashion for Good — Series A
- Fairpoint Capital (https://capitalatlas.ai/funds/fairpoint-capital) — Series A, Series B
- Circularity Capital (https://capitalatlas.ai/funds/circularity-capital) — Series B