# SafeTraces funding: rounds and investors > SafeTraces has raised $12M across 3 rounds since 2016. Investors include National Science Foundation, S2G Investments and City Light Capital. Source: https://millionrounds.com/company/safetraces (Millionrounds; every figure on the page links to its filing or article) United States · [Venture startup](https://millionrounds.com/companies) # Who invested in *SafeTraces* 3 rounds we have observed, with the 6 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Agtech Biotech Funding summary Updated 26 Oct 2026 **$12M** raised across 3 rounds since 2016, from 3 sources **$1.5M** Seed **$10M** Round - **Latest round:** Venture Jul 2023 - **Biggest round:** $10M Round · Oct 2018 - **Investors:** 6 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2017 2018 2019 2020 2021 2022 2023 **$1.5M** Seed **$10M** Round **?** Venture - **First round:** Seed, $1.5M - **Biggest round:** $10M - **Usual gap between rounds:** 4.7 years ## The rounds - **Jul 2023** Venture **Amount undisclosed** *3 new* [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [S2G Investments](https://millionrounds.com/fund/s2g-investments) [City Light Capital](https://millionrounds.com/fund/city-light-capital) Source recorded - **Oct 2018** Round **$10M** *2 new* [Spero Ventures](https://millionrounds.com/fund/spero-ventures) S2G Ventures. Bunge Ventures/ UL Reported by FinSMEs SEC filing: $10.0M sold, first sale Sept 2018 - **Aug 2016** Seed **$1.5M** *1 new* [Maumee Ventures](https://millionrounds.com/fund/maumee-ventures) Reported by FinSMEs ## Founders and team From SafeTraces's own website and the SEC filings it signed: 12 on the team. - **Erik Malmstrom** CEO - **Jeff Zellmer** CFO - **Ulrike Hodges** COO - **Francisco Dias Lourenco** VP, Engineering and Manufacturing - **Kenny Yeh** Head of Biodefense and Federal Partnerships - **Nick Heredia** VP, Research and Development - **Arthi Palaniappan** Director, Software Engineering - **DevOps Engineer** Board of Advisors - **Magatte Ayinde** Biological Research Associate - **Mark Drozdov** Senior Principal Consultant / Subject Matter Expert - **Scott Fitzpatrick** Program Manager - **Antonios Zografos** Executive Officer, Director i On the board, as filed i *John Kraus* *Rob Veres* ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Seed** 2016 **Round** 2018 **Venture** 2023 [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [S2G Investments](https://millionrounds.com/fund/s2g-investments) [City Light Capital](https://millionrounds.com/fund/city-light-capital) [Spero Ventures](https://millionrounds.com/fund/spero-ventures) [Maumee Ventures](https://millionrounds.com/fund/maumee-ventures) S2G Ventures. Bunge Ventures/ UL ## Everyone who backed them [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) Government **1** round [S2G Investments](https://millionrounds.com/fund/s2g-investments) Growth equity **1** round [City Light Capital](https://millionrounds.com/fund/city-light-capital) VC firm **1** round [Spero Ventures](https://millionrounds.com/fund/spero-ventures) VC firm **1** round [Maumee Ventures](https://millionrounds.com/fund/maumee-ventures) VC firm **1** round S2G Ventures. Bunge Ventures/ UL no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=safetraces). ## Quick answers about SafeTraces ### Who invested in SafeTraces? SafeTraces's investors include National Science Foundation, S2G Investments, City Light Capital, Spero Ventures and Maumee Ventures, and 1 more on record. ### How much has SafeTraces raised? SafeTraces has raised $12M across 3 rounds since 2016. One round did not disclose an amount, so the total is a floor. ### When did SafeTraces last raise? SafeTraces's most recent round was a Venture in Jul 2023. ### What was SafeTraces's biggest round? SafeTraces's largest round on record is $10M (Undisclosed round), in Oct 2018. ### Who backed SafeTraces first? SafeTraces's first round on record, in Aug 2016, was backed by Maumee Ventures. ### What stage is SafeTraces at? SafeTraces's latest named round is a Venture, in Jul 2023. ### Where is SafeTraces based? SafeTraces is based in the United States. ## Companies like SafeTraces In the same sector, and raised in the last eighteen months. [**Star Therapeutics** $325M · Oct 2026](https://millionrounds.com/company/star-therapeutics)[**Promaxo** $106M · Oct 2026](https://millionrounds.com/company/promaxo)[**Prolific Machines** $105M · Oct 2026](https://millionrounds.com/company/prolific-machines)[**IMIO** $19M · Oct 2026](https://millionrounds.com/company/imio)[**Kodama** $7.0M · Oct 2026](https://millionrounds.com/company/kodama)[**Rejuvenate Bio** $13M · Oct 2026](https://millionrounds.com/company/rejuvenate-bio) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app