TrusTrace

Venture capital continues to flow into FreightTech startups

Although some once-high-flying FreightTech firms folded in 2023 and others are cutting staff, some supply chain-related technology startups continue to secure venture capital and funding deals.

Sayari, a supply chain risk intelligence provider, recently announced private equity firm TPG is making a $228 million strategic majority investment in the company.

Meanwhile, global supply chain-focused startups TrusTrace and Kusari recently secured $24 million and $8 million, respectively, and e-commerce...

https://www.freightwaves.com/news/venture-capital-continues-to-flow-into-freighttech-startups

TrusTrace to expand supply chain sustainability tracking with $6M Series A

Supply chain sustainability tracking company TrusTrace raised $6 million in series A funding.

As retailers and consumers demand products that are made sustainably throughout all stages in the supply chain, a transparency software platform provider TrusTrace may have the technology to provide the necessary traceable data.

The Stockholm, Sweden-based company closed a Series A funding round with $6 million in investments Thursday. The round was led by Industrifonden and Fairpoint Capital, with additional participation from previous investors BackingMinds and Fashion for Good. 

“TrusTrace...

https://www.freightwaves.com/news/trustrace-to-expand-supply-chain-sustainability-tracking-with-6m-series-a