# TrusTrace funding: rounds and investors

> TrusTrace has raised $24M across 1 round since 2024. Investors include Industrifonden. Every round with its source.

Source: https://millionrounds.com/company/trustrace (Millionrounds; every figure on the page links to its filing or article)

Sweden · [Series B startup](https://millionrounds.com/companies)

# Who invested in *TrusTrace*

One round we have observed, with the one investor named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Enterprise Software

Funding summary Updated 26 Oct 2026

**$24M** raised across 1 round since 2024, from 1 source

- **Latest round:** Series B, $24M Jan 2024
- **Investors:** 1

See who backed them

## The rounds

- **Jan 2024** Series B **$24M** [Industrifonden](https://millionrounds.com/fund/industrifonden) Source recorded

## Founders and team

From TrusTrace's own website: 4 founders, 7 on the team.

**Shameek Ghosh** CEO and Co-Founder

**Madhava Venkatesh** CTO and Co-Founder

**Saravanan Parisutham** COO and Co-Founder

**Hrishikesh Rajan** CGO and Co-Founder

- **Ramanathan Venkataraman** Senior Vice President Customer Success
- **Santosh Mohanram** Senior Vice President Sales
- **Sara Wahlman** Senior Vice President Finance
- **Emmy Öhrn** HR Director
- **Jorgen Smidt** Chairperson
- **Prasad Asokan** Director DevSecOps
- **Srinivas Vellanki** Senior Director Engineering

## Everyone who backed them

[Industrifonden](https://millionrounds.com/fund/industrifonden) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=trustrace).

## Also claim to have backed them

This firm lists TrusTrace as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Fairpoint Capital](https://millionrounds.com/fund/fairpoint-capital) VC firm Per its own site

## Quick answers about TrusTrace

### Who invested in TrusTrace?

TrusTrace's investors include Industrifonden.

### How much has TrusTrace raised?

TrusTrace has raised $24M across 1 round since 2024.

### When did TrusTrace last raise?

TrusTrace's most recent round was a Series B of $24M in Jan 2024.

### What was TrusTrace's biggest round?

Its most recent round, $24M in Jan 2024, is also its largest on record.

### Who backed TrusTrace first?

TrusTrace's first round on record, in Jan 2024, was backed by Industrifonden.

### What stage is TrusTrace at?

TrusTrace's latest named round is a Series B, in Jan 2024.

### Where is TrusTrace based?

TrusTrace is based in Sweden.

## Companies like TrusTrace

In the same sector, and raised in the last eighteen months.

[**Validio** $30M · Mar 2026](https://millionrounds.com/company/validio)[**EvoluteIQ** $73M · Sept 2025](https://millionrounds.com/company/evoluteiq)[**Freedom** Oct 2026](https://millionrounds.com/company/freedom)[**Albert Invent** $20M · Oct 2026](https://millionrounds.com/company/albert-invent)[**AuxoAI** $21M · Oct 2026](https://millionrounds.com/company/auxoai)[**Qualitate** $32M · Oct 2026](https://millionrounds.com/company/qualitate)

## Find investors like these

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