Trace For Good, a Paris, France-based company specializing in supply chain traceability for consumer goods, has raised €3.5 million in funding.
Investors
The round was led by Hi inov Dentressangle and Ankaa Ventures, along with CS Ventures and previous investors like Seed4soft.
Hi inov Dentressangle is a pan-European B2B venture capital fund, created by entrepreneurs for entrepreneurs. The VC fund supports high-growth European companies that contribute, through their innovative digital technologies, to the transformation of the industry and service sectors.
Based in Paris and Dubai, Ankaa Ventures is a venture capital firm that invests in European startups with strong international ambitions, focusing on companies in the technology sector.
Trace For Good Use of Funds
This investment will help the company expand across Europe, partnering with quality assurance leader Intertek to support its growth.
About Trace For Good
Founded in 2022 by Léa Gillet and Laura Bréban, Trace For Good offers a software-as-a-service (SaaS) platform designed to help companies track and verify the environmental and social compliance of their supply chains. The platform simplifies data collection and ensures transparency by centralizing and verifying supplier information, helping brands meet regulatory requirements while promoting sustainable production practices.
Funding Details
Company: Trace For Good
Raised: €3.5M
Round: Unknown
Funding Date: November 2024
Lead Investors: Hi inov Dentressangle, Ankaa Ventures
Additional Investors: CS Ventures, Seed4soft
Company Website: https://www.traceforgood.com/
Software Category: Supply Chain Traceability and CSR Data Management
Source: https://siliconcanals.com/trace-for-good-bags-3-5m/