Trace.Space Boosted by Cherry Ventures' $4M Investment
Deal News | Feb 06, 2025 | Cherry Ventures GmbH
Cherry Ventures GmbH has announced its leadership in a $4 million seed funding round for Trace.Space, a company aiming to transform the requirements management process within the manufacturing sector. This marks Cherry Ventures' inaugural investment in the Baltic region as they strive to bolster innovation in manufacturing through strategic backing. Trace.Space's endeavor aligns with the broader goal of rejuvenating the Western manufacturing sphere, driving advancements and increasing efficiencies. With this investment, Cherry Ventures is fostering a new wave of technological advancement in the manufacturing industry, highlighting their commitment to emerging markets and transformative technologies.
Sectors
- Manufacturing
- Venture Capital
Geography
- Baltic States – Trace.Space is located in the Baltic region and this marks Cherry Ventures' first investment in this area.
Industry
- Manufacturing – The article details an investment aimed at enhancing manufacturing processes, specifically through improved requirements management.
- Venture Capital – Cherry Ventures is a venture capital firm making an investment in a seed round, indicative of the venture capital industry's function of providing early-stage funding to companies.
Financials
- $4,000,000 – The total amount of the seed funding round led by Cherry Ventures in Trace.Space.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cherry Ventures GmbH | Lead Investor | Company | A venture capital firm leading the $4M seed investment in Trace.Space. |
| Trace.Space | Target Company | Company | A startup company focusing on innovating the requirements management process for manufacturers. |