TrusTrace
TrusTrace sells supply chain traceability software to fashion and textile companies, helping them manage risk and compliance. The Stockholm-based company has raised $32M, most recently in a Series B round in January 2024, and employs 143 people.
The growth story
TrusTrace grew from 99 to 143 employees between 2021 and 2026, raising $32M along the way, most recently a Series B in January 2024.
About
TrusTrace provides software that tracks materials and products through fashion and textile supply chains. Its platform helps brands monitor risks, meet regulations, and measure environmental and social impacts across their suppliers.
The company has grown to 143 employees since its 2016 founding. Its $32M Series B funding round in early 2024 included investors like Circularity Capital and Fairpoint Capital, signaling continued expansion in the traceability software market.
Founders and leadership
Engineering is TrusTrace's largest department with 47 staff, accounting for a third of its workforce. The company's leadership team is based in Stockholm, where it was founded in 2016.
The TrusTrace org chart
Shameek Ghosh (CEO and Co-Founder) leads 51 mapped leaders with 4 direct reports. Click +N to expand a team; names link to the person’s public profile.
Departments, and which ones grew
Headcount by function: Engineering 65 (-11% YoY), Sales 14 (-12% YoY), Business Development 12 (-14% YoY), Product Management 12 (-20% YoY), Marketing 6 (-25% YoY), Information Technology 5 (-17% YoY).
Talent flow
TrusTrace recruits heavily from Indian IT services firms, with 12 hires from HCLTech and 5 from Cognizant. Many employees studied at Indian engineering schools, led by Bannari Amman Institute of Technology with 20 alumni. Staff typically stay for 2 years before moving on.
Most common previous employers of TrusTrace staff: HCLTech (12), Cognizant (5), Infosys (4), Owler - A Meltwater Offering (4), Tata Consultancy Services (3), Bannerflow (2). Former TrusTrace employees most often moved to OneTrust (2), Tendium (2), Cartograph (1), BackingMinds (1), Norrsken Evolve (1), foodora (1).
Alumni worth knowing
The TrusTrace mafia
Three TrusTrace alumni have founded companies, including idanta.ai and Igdrasil. Each startup has 1-2 founders and small teams, suggesting early-stage ventures.
3Mahesh Yellai, was Chief Product Officer until 2026Edith Wolff, was Market Research Intern until 2022Andra Postolache, was Digital Marketing Consultant until 2022Web traffic
Traffic mix: 0% direct, 0% search, 0% social, 0% paid.
What this company is made of
Most common skills at TrusTrace: Java (46), Spring Boot (39), Leadership (37), Project Management (35), Microsoft Excel (33), MongoDB (31), JavaScript (31), Management (31).
Where the team actually sits
TrusTrace people are concentrated in Tamil Nadu, India (85), Stockholm County, Sweden (11), Greater Stockholm Metropolitan Area (8), Sweden (5). 3 offices on record.
Search footprint
TrusTrace attracts about 149 organic search visits a month, traffic worth roughly $2K a month if bought through ads. It gained 105 ranking keywords and lost 77 in the last period.
What employees say
- Compensation
- 3.80 / 5
- Career opportunities
- 4.30 / 5
- Senior management
- 4.00 / 5
- Work-life balance
- 4.40 / 5
Frequently asked
TrusTrace has 143 employees as of September 2026.
TrusTrace has raised $32M in total, most recently a Series B round in January 2024.
TrusTrace was founded in 2016 by Shameek Ghosh, R Madhava V., Saravanan Parisutham.
Shameek Ghosh (CEO and Co-Founder) sits at the top of TrusTrace's reporting structure, with 4 direct reports.
The most common previous employers of current TrusTrace staff are HCLTech (12 people), Cognizant (5 people), Infosys (4 people).
Former TrusTrace employees most often move to OneTrust (2), Tendium (2), Cartograph (1).
At least 3 companies have a founder who previously worked at TrusTrace, including idanta.ai, Igdrasil, Tenfold.
TrusTrace attracts about 149 organic search visits a month, worth roughly $2K a month in equivalent ad spend.
The most common skills among TrusTrace staff are Java, Spring Boot, Leadership, Project Management, Microsoft Excel.
TrusTrace staff are concentrated in Tamil Nadu, India (85), Stockholm County, Sweden (11), Greater Stockholm Metropolitan Area (8).
TrusTrace has about 65 people in Engineering, down 11% over the past year, as of September 2026.
TrusTrace has about 14 people in Sales, down 12% over the past year, as of September 2026.
Computed from 128 current and 117 former TrusTrace profiles, as of September 2026. Source: Crustdata.
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