Global alternative asset manager TPG announce that it has made a majority investment in software company Trustwell through The Rise Funds, the multi-sector strategy within its global impact investing platform.
Founded in 2023, Trustwell develops SaaS-based platforms used by food and beverage companies to manage regulatory compliance, supplier oversight, product development, nutrition labeling and traceability. The company draws on a database of more than 145,000 ingredients to support compliance with food safety rules, allergen disclosure requirements, and other regulatory obligations.
The new investment comes amid growing scrutiny of food safety and supply chain transparency. According to the World Health Organization, foodborne illness causes an estimated 600 million cases and 420,000 deaths globally each year. This disproportionately impacts children and vulnerable populations.
In tandem, food production and distribution have become more complex, thanks to globalized supply chains, shifting consumer expectations and evolving regulations.
Akash Pradhan, Business Unit Partner for The Rise Funds, said:
“Visibility into the foods we eat, and their ingredients, continues to grow in importance. Trustwell is a market leading provider of software and data solutions that help food and beverage companies increase visibility into their supply chains and enhance the transparency of the items they bring to market.”
According to TPG, the Trustwell investment aligns with The Rise Funds’ broader focus on technology-driven businesses operating at the intersection of food, health and sustainability.
Following TPG’s investment, The Riverside Company has fully exited its investment in Trustwell. Riverside initially invested in Trustwell in 2022.
Katy Jones, CEO of Trustwell, said:
“Every day, we help food companies prevent foodborne illnesses by making their supply chains safer, smarter and fully transparent. With this partnership, Trustwell will accelerate innovation, expand access to our platform and further equip the industry with the tools it needs to keep consumers safe.”
