September 10, 2024
Retraced, a platform that helps fashion and textile brands digitize and trace their supply chains, has successfully raised €15 million in a Series A funding round. This round was led by Partech, a major tech investment platform in Europe, with contributions from previous investors including Alante Capital, Alstin Capital, Samaipata, and F-Log Ventures. This investment will help Retraced enhance its sustainability management solutions for the fashion and textile industry globally.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Retraced | €15M | September 10, 2024 | Series A | Partech | SaaS |
Retraced’s platform allows companies to digitize their supply chains, manage compliance data efficiently, and achieve greater transparency from raw materials to finished products. By focusing on supplier data collection, the platform enables all stakeholders in the supply chain to connect and collaborate effectively.
Alexander Meyer-Scharenberg, Senior Investment Manager at Alstin Capital, expressed excitement about continuing to support Retraced’s journey towards market leadership in textile supply chains. He noted the company’s significant progress since their initial investment and anticipated increased demand for Retraced’s software following the implementation of the EU Supply Chain Directive (CSDDD) in July.
Lukas Pünder, CEO and Co-Founder of Retraced, highlighted that this funding round is a crucial milestone for the company. As regulatory requirements become more complex, Retraced aims to simplify and enhance sustainability management. With the backing of their investors, they are well-positioned to further develop their platform, helping fashion brands achieve their sustainability goals and strengthen relationships with suppliers and customers.
About Retraced
Retraced is a platform that helps fashion and textile brands make their supply chains more transparent and sustainable. They provide tools to digitize and trace every step of the supply chain, from raw materials to finished products. This helps companies manage compliance data, ensure sustainability, and connect with suppliers more effectively.
By using Retraced, brands can easily collect and analyze supply chain information, making it easier to meet regulatory requirements and share sustainability efforts with customers. The platform also supports collaboration among all stakeholders in the supply chain.
Website: https://www.retraced.com/
About Investor
Investor: Partech
Partech is a global investment firm that supports tech and digital companies at various stages, from seed to growth. They have offices in San Francisco, Paris, Berlin, and Dakar, and are led by experienced entrepreneurs and industry experts.
Partech invests in innovative startups and helps them grow by providing not just funding, but also strategic guidance and operational support. They focus on areas like internet technology, software, and digital transformation, aiming to back companies that have the potential to become market leaders.
Location: Berlin. Schröderstraße
Website: https://partechpartners.com/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
Comments