What is Trace?
Trace operates as a collaboration platform designed to streamline modern spending operations. By providing businesses with tools to make more informed financial decisions, Trace aims to optimize how companies manage their expenditures. The company's headquarters in San Francisco, California, positions it within a key hub for technological innovation and financial services.
How much funding has Trace raised?
Trace has raised a total of $8M across 1 funding round:
Angel/Seed
$8M
Angel/Seed (2021): $8M with participation from Redpoint Ventures, Nyca Partners, Uncork Capital, and Greylock Partners
Key Investors in Trace
Redpoint Ventures
Redpoint Ventures is a venture capital firm known for its investments in early growth-stage companies, providing strategic backing to promising startups.
Nyca Partners
Nyca Partners specializes in connecting financial institutions with innovative startups, leveraging a broad network and deep expertise to foster growth in the financial technology sector.
Uncork Capital
Uncork Capital is a seed-stage venture firm committed to providing critical support and building lasting partnerships with early-stage companies to navigate growth challenges.
What's next for Trace?
With the recent influx of capital, Trace is poised for accelerated growth and further development of its platform. This strategic investment will likely fuel expansion into new markets, enhance product capabilities, and bolster its team to meet increasing demand. The company's focus on improving financial decision-making through collaborative tools suggests a continued emphasis on enterprise solutions and data-driven insights.
See full Trace company page
