Düsseldorf, Germany – Retraced, a leading SaaS platform focused on sustainability and compliance for the fashion and textile supply chain, has announced securing €15M in a Series A funding round. This milestone funding was led by global tech investment firm Partech, with participation from previous investors Alante Capital, Alstin Capital, Samaipata, and F-Log Ventures.
The capital will be used to further Retraced’s mission of simplifying sustainability management and making it more accessible for fashion and textile companies. As the industry faces increasing regulatory pressures, Retraced aims to provide solutions that empower brands to effectively manage their supply chain transparency and compliance efforts.
“This funding marks a pivotal moment for Retraced,” said Lukas Pünder, CEO and Co-Founder of Retraced. “As the regulatory landscape becomes more complex, our mission to simplify sustainability management and make it more effective is more important than ever. With the support of our investors, we’re well-positioned to continue developing our platform, helping fashion brands meet their sustainability goals and strengthen relationships with both suppliers and customers.”
Revolutionizing Supply Chain Transparency in Fashion
Retraced was founded by Philipp Mayer, Lukas Pünder, and Peter Merkert with the goal of providing fashion and textile companies with the tools to digitize and trace their supply chains. By collecting and managing supplier data, Retraced enables brands to achieve transparency from raw materials to finished products. The platform facilitates seamless collaboration between stakeholders, helping fashion brands efficiently manage compliance data and meet ever-evolving sustainability standards.
Retraced currently works with over 15,000 suppliers and collaborates with hundreds of renowned fashion brands, including Victoria’s Secret, Desigual, Tom Tailor, Calzedonia, Marc O’Polo, and Brownie.
The Investors: Partech and Alstin Capital
Partech, the lead investor in the Series A round, is a global tech investment firm with offices in Berlin, Dakar, Dubai, Nairobi, and San Francisco. With €2.5B assets under management (AUM) and a portfolio of 220 companies across 40 countries, Partech is committed to supporting businesses that tackle critical challenges in key industries.
“We’re excited to partner with Retraced as they address one of the fashion and textile industry’s most pressing challenges: supply chain transparency,” said Simone Riva, Senior Principal at Partech. “We believe Retraced has the right team to build a world-class product and become the industry standard.”
Alstin Capital, based in Munich, also continues its support of Retraced as part of the Series A round. An early-stage venture capital fund, Alstin Capital focuses on B2B software companies across Europe and has backed Retraced since its initial investment.
“We’re thrilled to continue supporting Retraced on their journey to market leadership in textile supply chain transparency,” said Alexander Meyer-Scharenberg, Senior Investment Manager at Alstin Capital. “Since our initial investment, the company has made significant progress, and with the EU Supply Chain Directive (CSDDD) now in effect, we expect demand for Retraced’s software to grow even further.”
With this significant investment, Retraced is set to strengthen its platform and continue its mission to revolutionize sustainability management for fashion brands around the world.