STOCKHOLM – Supply chain solutions provider TrusTrace has secured US$6 million which will be used to accelerate product development, strengthen its team and accelerate its global expansion.
The company, which has worked with the likes of Zalando, Filippa K and Decathlon to date, was backed by finance firms Fairpoint Capital and Industrifonden, along with previous backers.
Rebecka Löthman Rydå, investment manager at Industrifonden, said: “We seek out the most transformative ventures to invest in; those with the power to have a meaningful impact on society. Supply chain traceability and transparency are critical for retailers to become sustainable.”
