
Trusty
Agrifintech blockchain-based platform for tropical Food Ingredients.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
* | N/A | Angel | |
Total Funding | 000k |
EUR | 2022 | 2023 | 2024 |
---|---|---|---|
Revenues | 0000 | 0000 | 0000 |
% growth | - | 416 % | 143 % |
EBITDA | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 |
% profit margin | 18 % | - | 1 % |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Trusty, an innovative startup founded in 2022, specializes in blockchain-based end-to-end traceability solutions tailored for the agri-food sector. This platform, in development since 2020, currently benefits over 70 Italian companies. Trusty has acquired extensive expertise in the chocolate industry, having implemented their platform in three major industries. This implementation facilitates the tracking of over one hundred cooperatives and more than fifteen thousand farmers across seven countries.
Leveraging this experience, Trusty is now revolutionizing the cocoa industry. They've launched a blockchain-enabled marketplace, which adheres to both the European Union Data Regulation (EUDR) and the Corporate Sustainability Due Diligence (CSDD). This marketplace is designed to promote ethical sourcing of high-quality cocoa by fostering direct connections between responsible producers and the industry. Trusty's platform not only enables transparent trade but also provides micro-financing opportunities. This initiative is pivotal in creating a more sustainable and equitable cocoa supply chain, ultimately benefiting cocoa farmers and the industry alike.