Retraced closed $16.5M Series A round

Retraced secured €15 million in a Series A funding round. The round was led by Partech and included participation from existing investors Alante Capital, Alstin Capital, Samaipata, and F-Log Ventures.

Retraced is a SaaS platform that enables fashion and textile brands to digitize, trace, and analyze risks within their supply chains. The company aims to make sustainability management more effective and accessible by using AI and process automation to enhance supply chain transparency and help companies comply with evolving regulations. The funds will be used to further develop its platform, with a focus on features like a European Digital Product Passport to empower consumers.