TrusTrace raises $6-M to create transparent supply chains for global brands

TrusTrace, a Stockholm- and Coimbatore-based startup which has created a platform for supply chain transparency and product traceability within the fashion, food and retail industries, has raised EUR 5.17 million (USD 6 million) Series A funding round led by Industrifonden and Fairpoint Capital, together with previous investors BackingMinds, and with support from Fashion for Good. The growth capital will be used to accelerate global expansion, expand product development, and strengthen the team.