Retraced, a Düsseldorf, Germany-based SaaS platform specializing in sustainability and compliance for fashion and textile supply chains, has raised €15 million in Series A funding.

Investors 

The round was led by Partech, with participation from existing investors Alante Capital, Alstin Capital, Samaipata, and F-Log Ventures. 

Based in Paris, Partech is a global tech investment firm with offices in Berlin, Dakar, Dubai, Nairobi, and San Francisco. The company currently manages €2.5 billion in assets under management (AUM) and a portfolio of 220 companies spread across 40 countries and 4 continents. 

Retraced Use of Funds 

The company plans to use the funds to enhance its platform, helping fashion brands manage sustainability and compliance more efficiently. 

About Retraced 

Founded by Philipp Mayer, Lukas Pünder, and Peter Merkert, Retraced provides a SaaS platform designed to help fashion and textile companies manage sustainability and compliance within their supply chains. The platform leverages AI to digitize and trace supply chains, improving transparency from raw materials to finished products. Retraced collaborates with over 15,000 suppliers and major brands, including Victoria’s Secret, Desigual, Tom Tailor, Calzedonia, Marc O’Polo, and Brownie. 

Funding Details 

Company: Retraced GmbH 

Raised: €15.0M 

Round: Series A 

Funding Date: September 2024 

Lead Investor: Partech 

Additional Investors: Alante Capital, Alstin Capital, Samaipata, F-Log Ventures 

Company Website: https://www.retraced.com/  

Software Category: Compliance Management 

Source: https://siliconcanals.com/german-saas-startup-retraced-secures-15m/