What is Trust Software?
Trust Software provides real-time benchmarking solutions designed to help businesses optimize their growth strategies. By aggregating and anonymizing data across the Trust network, the platform enables companies to compare their Key Performance Indicators (KPIs) and performance metrics against industry peers. This allows businesses to gain actionable insights into areas such as customer acquisition cost (CAC) and overall investment in growth, moving beyond guesswork to data-driven decision-making. The company operates within the enterprise software sector, focusing on data analytics and performance benchmarking.
How much funding has Trust Software raised?
Trust Software has raised a total of $39M across 3 funding rounds:
Angel/Seed
$9M
Unspecified
$5M
Debt
$25M
Angel/Seed (2021): $9M with participation from Upper90, Lerer Hippeau Ventures, Lightspeed Venture Partners, and Upfront Ventures
Unspecified (2022): $5M led by Sapphire Sport and Michael Vaughan
Debt (2022): $25M supported by Upper90
Key Investors in Trust Software
Upper90
Upper90 is a hybrid investment firm specializing in tailored debt and equity solutions for technology startups with predictable revenue or collateral. They focus on capital-intensive businesses in e-commerce and fintech, offering substantial credit facilities to help founders retain ownership and finance growth.
Sapphire Sport
Sapphire Sport is a venture capital platform investing in early-stage technology companies at the intersection of technology and culture. They partner with expansion-stage enterprise software firms and provide access to resources from global brands in sports, media, and entertainment.
Lerer Hippeau Ventures
Lerer Hippeau is a venture capital firm focused on early-stage investments, supporting founders with innovative ideas across enterprise and consumer landscapes. They leverage their expertise as former operators to foster long-term success.
What's next for Trust Software?
With a recent major strategic investment and significant overall enterprise-level funding, Trust Software is poised for accelerated growth. The company's focus on providing actionable, real-time benchmarks positions it to capitalize on the increasing demand for data-driven business intelligence. Future developments will likely involve expanding its network, enhancing its analytical capabilities, and potentially exploring new market segments. The strategic backing suggests a focus on scaling operations and solidifying its market leadership in performance analytics.
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