Kissonerga, Cyprus, Germany
Retraced is a sustainability management platform built for the fashion industry, connecting brands, suppliers, manufacturers, and raw material producers across multi-tier supply chains. Founded in 2018 by three co-founders, the company is headquartered at retraced.co and enables fashion companies to collect, process, and communicate sustainability data throughout their operations. As of late 2021, Retraced was serving approximately 50 customers at an average of roughly 800 euros per month, translating to approximately $50,000 in monthly recurring revenue. That figure represented a sharp acceleration from roughly $2,000 to $3,000 per month a year earlier, a period when COVID-19 caused many fashion brands to pause subscription payments. The company raised a total of approximately $1.48 million across two seed rounds, the first closing in early 2020 at a $2.3 million valuation and the second, a performance-conditioned $1.2 million round, closing in 2020 with the second tranche released after the company surpassed an MRR threshold above 20,000 euros ahead of schedule. Peter Merkert, one of three equal co-founders, leads the company alongside a team of 24, including 14 engineers.
- Revenue
- $3.2M
- Customers
- 50
- Year founded
- 2018
- Funding
- $1.5M
- Team size
- 56
- Growth
- -