TPG announced The Rise Funds, the multi-sector strategy within its global impact investing platform, has made a majority investment in Trustwell, a provider of SaaS-based regulatory, compliance, and traceability software for the food industry.
Following the transaction, The Riverside Company has fully exited its investment in Trustwell. Financial terms were not disclosed.
TPG framed the deal as a push to accelerate digital transformation in food and beverage supply chains amid rising regulatory complexity and growing demand for transparency. Trustwell’s platform is designed to help food companies improve visibility into ingredients and suppliers, strengthen traceability, and support compliance efforts intended to reduce foodborne illness risk.
Trustwell said it serves more than 2,200 customers, ranging from emerging brands to global enterprises. Its FoodLogiQ and Genesis product families support traceability, regulatory compliance, supplier management, product development, and nutrition labeling, and leverage what the company described as 40 years of data collection and a database of more than 145,000 ingredients. Trustwell said the platform helps companies navigate evolving requirements, including enhanced traceability rules, allergen disclosure mandates, and ESG-related expectations.
TPG said the investment builds on Rise Funds activity at the intersection of technology, food, and health, citing prior investments including Little Leaf Farms, Foodsmart, and LIVEKINDLY Collective.
Support: William Blair served as the exclusive financial advisor to Trustwell. Evercore served as financial advisor to TPG, with Ropes & Gray as legal advisor. Jones Day provided legal counsel to The Riverside Company and Trustwell.
KEY QUOTES:
“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 & 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.”
Akash Pradhan, Business Unit Partner, The Rise Funds
“We’re proud to welcome TPG and The Rise Funds as partners in our next phase of growth, and we are grateful for the support from Riverside over the past four years. Every day, we help food companies prevent foodborne illness 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.”
Katy Jones, CEO, Trustwell
