Trustwell, the food industry’s leading provider of software solutions for traceabilityOpens a new window, compliance, and product developmentOpens a new window, today announced a significant new chapter in its growth with an investment from The Rise FundsOpens a new window, the global impact investing platform of alternative asset management firm TPGOpens a new window.
As part of this transaction, The Riverside Company has exited its investment in Trustwell following a period of strong growth and innovation.
Trustwell supports more than 2,200 food companies ranging from emerging brands to global enterprises through the products on the Trustwell Connect platform,Opens a new window which integrates product development, nutritional labeling, supply chain visibility, and regulatory compliance into a single source of truth.
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With over 145,000 ingredients and more than 250 million traceability events captured to date, Trustwell is uniquely positioned to help the food industry digitize its supply chain, manage risk, and lead with transparency.
“We’re excited to partner with TPG and The Rise Funds in our next phase of growth,” said Katy JonesOpens a new window, CEO of Trustwell. “Together, we will continue to invest in innovation, scale access to Trustwell Connect and deliver on our mission to make the food system safer, smarter, and more transparent. We are incredibly grateful to Riverside for their support in helping us grow from a category leader into a platform company.”
Under growing pressure from regulators, consumers, and retail partners to improve transparency and accountability, food companies are increasingly turning to Trustwell’s unified platform to streamline compliance, strengthen traceability, and improve supplier oversight by bringing together decades of data and domain expertise through its GenesisOpens a new window and FoodLogiQOpens a new window product lines.
Since Riverside’s 2022 investment and subsequent partnership, Trustwell significantly expanded platform capabilities by introducing AI-driven allergen detection, FSMA 204-compliant traceability workflows, and a supplier networkOpens a new window now spanning more than 120,000 locations, helping to position the company as a go-to solution for managing food safety and regulatory complexity at scale.
TPG’s Rise Funds have consistently backed mission-driven companies transforming the way food is produced, accessed, and consumed. From Little Leaf Farms’ high-efficiency, climate-resilient agriculture to Foodsmart’s personalized nutrition guidance and LIVEKINDLY Collective’s global plant-based offerings, each reflects a commitment to building a healthier, more transparent food system. Their partnership with Trustwell reflects a shared commitment to advancing global food system transparency while delivering sustainable, scalable impact.
“Visibility into the foods we eat, and their ingredients, continues to grow in importance,” said Akash Pradhan, Business Unit Partner for The Rise Funds. “Trustwell is a market leading provider of software and data solutions that help food & beverage companies increase visibility into their supply chains and enhance the transparency of the items they bring to market. We look forward to partnering with Trustwell to drive further innovation and sustained organic growth.”
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