TrusTrace offers a SaaS platform for supply chain traceability and compliance that helps brands and suppliers standardise how supply chain and material traceability data is captured, digitised and shared. The platform provides access to validated supply chain data to help brands identify, understand and improve the impact of their supply chain. Customers use the data for risk management, regulatory compliance, product claims and footprint calculations, and to share information about product origin and impact. Notable customers include adidas, Brooks Running, Tapestry and Asics among other apparel, footwear and luxury brands. The company plans to deepen product innovation, expand collaborations and strengthen its presence in key markets to accelerate global expansion, and intends to offer services to regional and mid-size brands in 2024. TrusTrace is led by CEO Shameek Ghosh. TrusTrace is a Stockholm-based SaaS provider that offers a platform for supply-chain transparency and product traceability across the fashion, food and retail industries. The platform, built on AI, blockchain and BOTS with an open architecture, integrates with retailer, manufacturer and supplier systems as well as third parties such as certification agencies and lifecycle dataset providers. TrusTrace serves more than 40 customers and tracks over 8,000 suppliers, 250,000 products and more than $12 billion worth of goods on its platform. The company’s customers include Fjällräven, Filippa K, Zalando, Decathlon and Coop. The new capital will be used to accelerate global expansion, expand product development and strengthen the team. Founded in 2016 and led by CEO Shameek Ghosh, TrusTrace positions itself to scale enterprise adoption of supply-chain transparency tools.

Total raised

$30M

Funding rounds

2

Latest round

Equity

Latest activity

Jan 2024