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19.01.2024

TrusTrace completes $24 Million Growth Investment

TrusTrace, a SaaS company with for product traceability and compliance, has announced the completion of a (U.S.) $24 million growth investment led by Circularity Capital, a specialist investor in businesses that enable the circular economy, with participation from existing investors Industrifonden and Fairpoint Capital.

According to Shameek Ghosh, CEO and Co-Founder of TrusTrace, the new investment will enable the company to further accelerate its global expansion ambitions by strengthening its presence in key markets, deepening product innovation and expanding collaborations – helping to create a global network where all value chains are traceable, circular, and fair.

Traceability has accelerated in importance and momentum as a key enabler of sustainable transformation, as evidenced by TrusTrace’s five-fold growth in subscription revenue in the 27 months since the previous growth round by Fairpoint Capital and Industrifonden in 2021, preceded by seed funding from Backing Minds in 2019.

TrusTrace, a SaaS company with for product traceability and compliance, has announced the completion of a (U.S.) $24 million growth investment led by Circularity Capital, a specialist investor in businesses that enable the circular economy, with participation from existing investors Industrifonden and Fairpoint Capital.

According to Shameek Ghosh, CEO and Co-Founder of TrusTrace, the new investment will enable the company to further accelerate its global expansion ambitions by strengthening its presence in key markets, deepening product innovation and expanding collaborations – helping to create a global network where all value chains are traceable, circular, and fair.

Traceability has accelerated in importance and momentum as a key enabler of sustainable transformation, as evidenced by TrusTrace’s five-fold growth in subscription revenue in the 27 months since the previous growth round by Fairpoint Capital and Industrifonden in 2021, preceded by seed funding from Backing Minds in 2019.

With more than a billion products now tracked through the platform, TrusTrace has established itself as a business-critical solution for supply chain traceability. TrusTrace customers include adidas, Brooks Running, Tapestry, Asics and many more. TrusTrace also plans to offer its services to regional and mid-size brands in 2024.

Quelle:

TrusTrace

Haelixa: New capital from Zürich Silk Association Photo Haelixa
05.09.2023

Haelixa: New capital from Zürich Silk Association

Haelixa, using DNA markers to create full supply chain transparency for consumer goods, has received a capital injection from the Zürich Silk Association (ZSIG). The impact of the technology will provide a traceable fingerprint for textile industry stakeholders.

The ZSIG is an association of active and former companies from Zürich's silk industry. It was founded in 1854 and is one of Switzerland's oldest trade groups. They focus on promoting high-quality projects relevant to the textile industry.

Haelixa's mission is to be the standard in physical traceability globally. With engineered unique DNA markers designed to withstand all processing and treatment of materials throughout the supply chain, the technology empowers textile and fashion companies to make more responsible choices. By testing products for the DNA as they journey through the value chain, Haelixa validates whether the original marked materials are present. Traceability helps brands verify their claims and provides the data to calculate their environmental and social impact.

The capital contributed will support the scale of Haelixa's global operations.

Haelixa, using DNA markers to create full supply chain transparency for consumer goods, has received a capital injection from the Zürich Silk Association (ZSIG). The impact of the technology will provide a traceable fingerprint for textile industry stakeholders.

The ZSIG is an association of active and former companies from Zürich's silk industry. It was founded in 1854 and is one of Switzerland's oldest trade groups. They focus on promoting high-quality projects relevant to the textile industry.

Haelixa's mission is to be the standard in physical traceability globally. With engineered unique DNA markers designed to withstand all processing and treatment of materials throughout the supply chain, the technology empowers textile and fashion companies to make more responsible choices. By testing products for the DNA as they journey through the value chain, Haelixa validates whether the original marked materials are present. Traceability helps brands verify their claims and provides the data to calculate their environmental and social impact.

The capital contributed will support the scale of Haelixa's global operations.

Quelle:

Haelixa

Schoeller Textil AG
22.11.2022

Transparenz für die Woll-Lieferkette - Partnerschaft zwischen Schoeller und NATIVA

  • Vollständig rückverfolgbare und nachhaltige Wolle mittels Blockchain
  • Transparente Lieferketten

Schoeller ist bestrebt, In Zukunft vermehrt hochwertige Stoffe aus nachhaltiger NATIVA™ Wolle anzubieten.

Die NATIVA™-Wolle stammt von zertifizierten Farmen in Australien, Neuseeland, Südafrika, Nordamerika, Uruguay und Argentinien. Die Farmen erfüllen strenge Anforderungen an den Tierschutz, die Landbewirtschaftung und ethische Arbeitsrichtlinien. Um das Wohlergehen der Tiere zu gewährleisten, verfügt jeder Landwirt über einen Managementplan, in dem Fütterung, Zucht, Verhalten, Umgang mit den Tieren sowie Gesundheit und Infrastruktur bewertet werden. Dazu gehören das Verbot des Mulesings und die stressfreie Schur.

Alle weiteren Schritte wie Wollgewinnung, Kämmen, Spinnen und Weben werden ebenfalls überwacht und nach den höchsten ethischen und qualitativen Standards zertifiziert. NATIVA™ ist die erste globale Wollmarke, die eine Blockchain-Rückverfolgbarkeit vom Bauernhof bis zum Verbraucher anbietet. Durch die NATIVA™-Zertifizierung können Marken eine transparente Lieferkette der Wolle kommunizieren.

  • Vollständig rückverfolgbare und nachhaltige Wolle mittels Blockchain
  • Transparente Lieferketten

Schoeller ist bestrebt, In Zukunft vermehrt hochwertige Stoffe aus nachhaltiger NATIVA™ Wolle anzubieten.

Die NATIVA™-Wolle stammt von zertifizierten Farmen in Australien, Neuseeland, Südafrika, Nordamerika, Uruguay und Argentinien. Die Farmen erfüllen strenge Anforderungen an den Tierschutz, die Landbewirtschaftung und ethische Arbeitsrichtlinien. Um das Wohlergehen der Tiere zu gewährleisten, verfügt jeder Landwirt über einen Managementplan, in dem Fütterung, Zucht, Verhalten, Umgang mit den Tieren sowie Gesundheit und Infrastruktur bewertet werden. Dazu gehören das Verbot des Mulesings und die stressfreie Schur.

Alle weiteren Schritte wie Wollgewinnung, Kämmen, Spinnen und Weben werden ebenfalls überwacht und nach den höchsten ethischen und qualitativen Standards zertifiziert. NATIVA™ ist die erste globale Wollmarke, die eine Blockchain-Rückverfolgbarkeit vom Bauernhof bis zum Verbraucher anbietet. Durch die NATIVA™-Zertifizierung können Marken eine transparente Lieferkette der Wolle kommunizieren.

Für jedes Produkt jeder Marke wird ein einzigartiger QR-Code generiert. Dieser Code stellt eine Verbindung zwischen der NATIVA™ Blockchain-Plattform und der NATIVA™lockchain-Website her. Kunden können den QR-Code scannen, um die NATIVA™ Blockchain- Website aufzurufen, auf der sie in Echtzeit den Weg ihrer Wolle von der Farm bis zur Marke verfolgen können.

Vorteile liegen in der:

  • vollständigen Transparenz über die Lieferkette und die Produktumwandlung
  • vollständigen Rückverfolgbarkeit
  • Nutzung als Marketinginstrument für jede Marke
Quelle:

Schoeller Textil AG

Photo: Haelixa AG
29.09.2022

Haelixa: Egyptian cotton products traceable thanks to DNA marker

Within the scope of the United Nations Economic Commission for Europe (UNECE) initiative “The Sustainability Pledge”, to improve transparency and traceability for sustainable garment and footwear supply chains, the Swiss company Haelixa traces Egyptian cotton from the source up to premium shirts.

The UNECE and United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) has been developing over the period 2019-2022 policy recommendations, implementation guidelines, a call to action, and a traceability toolbox including blockchain and DNA tracing solutions, which has been implemented in few different textile supply chains. Haelixa is part of the group of experts that develops such policy recommendations and conducts projects with key industry players to set traceability benchmarks and later develop them into standards.

Within the scope of the United Nations Economic Commission for Europe (UNECE) initiative “The Sustainability Pledge”, to improve transparency and traceability for sustainable garment and footwear supply chains, the Swiss company Haelixa traces Egyptian cotton from the source up to premium shirts.

The UNECE and United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) has been developing over the period 2019-2022 policy recommendations, implementation guidelines, a call to action, and a traceability toolbox including blockchain and DNA tracing solutions, which has been implemented in few different textile supply chains. Haelixa is part of the group of experts that develops such policy recommendations and conducts projects with key industry players to set traceability benchmarks and later develop them into standards.

Fashion brands are often responsible for complex global value chains and traceability is the needed tool to enable trust, transparency and credible sustainability. The magnitude of the supply chain traceability challenge can be overwhelming for brands, but the UNECE initiative framework facilitates the alignment with suppliers, provides the necessary guidance and the needed tools, with Haelixa as physical traceability provider.

To make the premium shirts traceable, Haelixa has developed a DNA marker to label the raw material, premium Egyptian cotton. The DNA marker has been applied as fine spray to GIZA 96 lint cotton in Borg Al Arab, Egypt and used to produce the finest fabric by Swiss manufacturer Weba. Once applied to the fibers, Haelixa’s DNA markers stay safely embedded into the material and withstand the industrial processing, ensuring traceability from the source until the finished garment. Samples of lint cotton, yarn, and fabric at different steps were verified with a test based on PCR, and the correct DNA marker was detected, thereby enabling the identification of the premium product, of its origin and the specific supply chain. The forensic data obtained were recorded on a blockchain system provided by UNECE. The marked fabric was used to make Hugo Boss cotton dress shirts. As one of the leading premium fashion brands and partner to the UNECE project, Hugo Boss is responsible for a complex global value chain and strives for high sustainability standards and is looking at traceability options.

“In cases like this one, where the material is of the highest quality and the product is shipped from one facility to another for premium processing, adding physical traceability is critical to ensure that the origin, quality and processing claims can be backed up" says Gediminas Mikutis, CTO and co-founder at Haelixa.

Maria Teresa Pisani, Economic Affairs Officer and Project Lead at UNECE, emphasized: “Traceability and transparency are crucial elements to protect environmental, social, and human rights along global value chains. At UNECE, we aim to enhance traceability approaches by exploring new and innovative solutions that help identify and address negative impacts in the fashion industry.”

U.S. Cotton Trust Protocol (c) U.S. Cotton Trust Protocol
15.07.2020

U.S. Cotton Trust Protocol: new traceability tool for US cotton

Starting midth of July, brands and retailers can join the U.S. Cotton Trust Protocol, a new system for responsibly grown cotton that will provide annual data for six areas of sustainability in line with the UN Sustainability Goals. This year-on-year data available for the first time will allow brands and retailers to better measure progress towards meeting sustainability commitments.

The Trust Protocol underpins and verifies sustainability progress through sophisticated data collection and independent third-party verification. By working with Field to Market: The Alliance for Sustainable Agriculture and Control Union Certifications North America, the Trust Protocol enables brands and retailers to better track the cotton entering their supply chain. Brands who become members of the Trust Protocol will have access to aggregate year-over-year data on water use, greenhouse gas emissions, energy use, soil carbon and land use efficiency.

The Trust Protocol is a complement to existing sustainability programs and is designed from the ground up to fit the unique cotton mass-growing environment of the United States.

Starting midth of July, brands and retailers can join the U.S. Cotton Trust Protocol, a new system for responsibly grown cotton that will provide annual data for six areas of sustainability in line with the UN Sustainability Goals. This year-on-year data available for the first time will allow brands and retailers to better measure progress towards meeting sustainability commitments.

The Trust Protocol underpins and verifies sustainability progress through sophisticated data collection and independent third-party verification. By working with Field to Market: The Alliance for Sustainable Agriculture and Control Union Certifications North America, the Trust Protocol enables brands and retailers to better track the cotton entering their supply chain. Brands who become members of the Trust Protocol will have access to aggregate year-over-year data on water use, greenhouse gas emissions, energy use, soil carbon and land use efficiency.

The Trust Protocol is a complement to existing sustainability programs and is designed from the ground up to fit the unique cotton mass-growing environment of the United States.

Last month the Trust Protocol was added to Textile Exchange’s list of 36 preferred fibres and materials that more than 170 participating brands and retailers can select from as part of Textile Exchange’s Material Change Index programme.

Weitere Informationen:
cotton supply chain traceability
Quelle:

Hill+Knowlton Strategies GmbH