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iTraceiT 1A
Sustainable business from the raw source to the end customer
Key Investment Information Sheet
Terms & Conditions
€547,000
total amount raised in round
- Eligible for a tax reduction
DISCLAIMER
Every investment decision must be based on an examination of an exhaustive set of information provided by the entrepreneur on their online profile. Spreds only proceeds to a limited verification of this information and does not control the investment opportunity within this company. Spreds did not verify the extent to which the business plan is deemed realistic and does not intervene in determining the final terms of the investment, including the retained maximum valuation. Spreds will align itself with the financial terms negotiated with the co-investor(s).
Who we are
At iTraceiT, we believe in the power of knowing. Knowing where your products come from, knowing that they are made ethically, and knowing that they don’t contribute to harm in the world. We are a Belgian company that’s on a mission to bring transparency to global supply chains. With our cutting-edge technology, we make it possible for businesses to trace the journey of their products from start to finish, whether it's a diamond from a mine, a cacao bean from a farm, or fabric for your jeans.
Our journey began in mid-2022 in the diamond and jewellery sector, and since then, we've been working tirelessly to make transparency not just a possibility, but a reality for businesses big and small. With our innovative platform, every product can tell its story, a story that consumers deserve to hear.
Why did we create iTraceiT?
Because the world is changing, and so are we. Consumers today care more than ever about what they buy. They want to make sure that the products they use are not only high-quality but also ethically sourced and environmentally friendly. However, many companies, especially smaller ones, struggle to keep up with this demand for transparency. The rules and regulations are getting stricter every day, and those who can't keep up risk losing customers, facing hefty fines, or worse—damaging their reputations beyond repair.
But it’s not just about following the rules, it’s a story of lives impacted, and we believe it’s time for that story to change.
What do we do?
With iTraceiT, businesses can easily track and share the entire journey of their products. Our platform uses blockchain and QR code technology to ensure that every step of the supply chain is documented and accessible. Whether you’re a small family farm or a luxury brand, iTraceiT makes it easy for you to prove that your products are ethical, sustainable, and trustworthy.
Why This Matters
iTraceiT’s mission extends beyond business growth—it’s about creating a more transparent, ethical, and sustainable global economy. By enabling companies to provide detailed insights into the origins and journey of their products, we help promote sustainable practices and ethical sourcing. Consumers are increasingly aware of the environmental and social impact of their purchases, and iTraceiT empowers them to make informed decisions that align with their values.
Environmental and Social Impact
iTraceiT’s technology contributes to reducing the environmental footprint by optimizing supply chains and encouraging responsible sourcing. By documenting every step in the supply chain, companies can identify inefficiencies, reduce waste, and improve overall sustainability. Moreover, our platform supports small farmers and artisanal producers by making advanced traceability accessible, helping them compete in a global market that increasingly values transparency and ethics.
Vision for the Future
Our vision is to become the leading global provider of traceability solutions, driving a future where every product’s journey is transparent, sustainable, and ethical. We aim to expand our influence across various industries, continuously innovate our technology, and ensure that traceability becomes a standard practice worldwide. Through our commitment to transparency and sustainability, iTraceiT is not just building a successful business; we’re helping to create a better world.
Strategy
Our strategy is built on leveraging iTraceiT's technological strengths to serve a diverse range of industries, particularly those where traceability is critical, such as diamonds, jewelry, and luxury goods. A key component of our strategic approach is our commitment to aligning with the European Union's upcoming 15-year regulation plan for traceability and ESG reporting, which begins with the diamond sector and will progressively extend to other markets.
This EU plan is set to introduce increasingly stringent traceability and ESG reporting requirements across various industries, and iTraceiT is well-positioned to support companies in meeting these demands. By staying ahead of regulatory changes and ensuring our platform remains compliant with future EU standards, we provide our clients with the confidence and tools they need to thrive in an evolving regulatory landscape.
We aim to expand into broader markets, including agriculture, medical, and food & beverages by 2026, driven by active requests from partners and in line with the EU's phased regulatory rollout. Our SaaS model, combined with automated onboarding and strong customer retention, positions us for scalable growth across these sectors.
Upcoming Market Focus
- 2024-2025: Completion successful proof of concept in the diamond and jewelry sector by cementing leadership position across the entire supply chain.
- 2025-2026: Organic growth into the broader luxury segment fueled by active requests from existing partners in the leather-ware, spirits, fragrance and fashion industry.
- 2026 and beyond: Expansion into other product segments following requests from medical, agriculture and food and beverages industries.
What Our Clients Say About Us
- "iTraceiT has made it easy for us to demonstrate that our diamonds are conflict-free and responsibly sourced We’re happy to work with their independently owned technology." – Derek Palmer, Marketing Director at Pluczenik
- "Our partnership with iTraceiT is a significant milestone, allowing us to offer full traceability from mine to market." – Sameep Mehta, Director of Dianco
- “Our customers have some of the strictest traceability requirements in the industry. We are pleased to see that iTraceiT offers us the opportunity to demonstrate our transparent supply chain in a secure, easy and automated way” - Stephan Wolzok, President at Rubel & Ménasché
- “iTraceiT serves as an integral part of our industry in achieveing the goal of preserving pipeline integrity. They leave no one behind in this pursuit” - Alexander Gul, COO at A.Gul KG
Headlines of Articles
- The Brussels Times : "Tracing diamonds: Belgian IT company reveals gem 'passport' amid calls for transparency" : https://www.brusselstimes.com/belgium/407182/tracing-diamonds-belgian-it-company-reveals-gem-passport-amid-calls-for-transparency
- Francéclat Interview with CEO : https://www.youtube.com/watch?v=B4QlP9Zgu98
- RTBF JT 29/08/23 : https://auvio.rtbf.be/media/journal-televise-sujet-par-sujet-passeport-numerique-pour-la-tracabilite-des-diamants-3076004
- Canadian Mining Report : "Belgian Company iTraceiT Offers Solution to Track Diamond Journey" https://news.canadianminingreport.com/news/New-Tech-QR-Codes-to-Chart-Diamond-Journey
- Antenne Centre : https://www.antennecentre.tv/actu/anvers-une-societe-brainoise-trace-les-diamants/17626#
- Diamond City News : "Belgian State Government to invest 250,000 Euros in iTraceiT Company" : https://www.diamondcitynews.com/belgian-state-government-to-invest-250000-euros-in-itraceit-company/
- La Libre : "La startup iTraceiT reçoit 250 000 euros de la Wallonie pour son passeport numérique du diamant" : https://www.lalibre.be/economie/entreprises-startup/2023/09/08/la-startup-brainoise-itraceit-a-la-base-du-premier-passeport-numerique-du-diamant-au-monde-250-000-euros-investis-par-la-wallonie-QX5H4F5B25F3PMIV3PPCCBCC5E/
- Nnieuws : https://nnieuws.be/artikel/wallonie-investeert-kwart-miljoen-euro-belgisch-diamantpaspoort
- Rapaport Podcast : "Belgian Regional Government Invests in Diamond Traceability Solution" https://rapaport.com/news/belgian-regional-government-invests-in-diamond-traceability-solution/
Key Milestones
- 2022: Company launch in Braine-le-Comte and rapid adoption by key players in the luxury and diamond industries.
- 2023: Wallonie Entreprendre became a shareholder, marking a significant endorsement of iTraceiT's potential and further fueling our growth.
- 2024: Focus on scaling the business with over 135 clients onboarded without a marketing budget, demonstrating organic growth.
- 2024: Expansion into broader luxury segments and significant R&D investment in AI-driven features.
TAX SHELTER 45%
Investments in this company benefit from a 45% personal income tax reduction. Read more…A remaining amount of €429,000 is available for the Tax Shelter benefit.
Fact sheet
Advised by a professional start-up advisor | |
Valuation is set by the co-investor or incubator | |
Co-investor or incubator will be members or observers to the board | |
At the closing, an incubator, accelerator, or studio will have shares | |
At the closing, the entrepreneurs have contributed a minimum of €15,000 in cash in exchange for shares | |
Raised €10,000 during a private phase | |
At the closing, a professional co-investor will have invested at least €25,000 | |
Prior fundraising in equity or convertible loan with 10 or more investors | |
Seasoned entrepreneurs | |
Minimum 2 active entrepreneurs | |
Valuation set by an organisation specialized in valuations of comparable size | |
Valuation is less than €1 million or 10x last year’s turnover |
Raise summary
Crowd investments | €82,000 |
Committed by others | €465,000 |
Amount raised | €547,000 |
Minimum round | €490,000 |
Maximum round | €1,675,000 |
Shares in the company (total round) | 29.515% |
Pre-money valuation | €4,000,000 |
Post-money valuation min. | €4,490,000 |
Post-money valuation max. | €5,675,000 |