TPG Inc.’s global impact‑investing arm, The Rise Funds, has acquired a majority stake in Trustwell, a SaaS platform that delivers regulatory, compliance, and traceability solutions to the food industry. The deal, announced on January 5 2026, follows the full exit of The Riverside Company, which had held a minority position in Trustwell since the company’s formation in early 2023.
Trustwell was created in October 2022 through the merger of FoodLogiQ and ESHA Research and rebranded in early 2023. The platform now serves more than 2,200 customers, ranging from emerging brands to global enterprises, and offers product families such as FoodLogiQ and Genesis. The majority investment gives TPG a controlling interest, positioning the firm to accelerate the adoption of traceability and compliance technology across the food and beverage sector.
The transaction reflects TPG’s broader impact‑investment strategy, which targets high‑growth, high‑impact sectors. The Rise Funds have previously backed companies like Little Leaf Farms, Foodsmart, and LIVEKINDLY Collective, all of which focus on sustainability and health. By adding Trustwell to its portfolio, TPG expands into a critical infrastructure layer that supports food safety, regulatory compliance, and ESG reporting—areas that are increasingly regulated and consumer‑driven.
Market analysts note that the food‑safety and traceability software market is projected to reach $30.5 billion by 2030, while regulatory‑compliance management software could hit $68.8 billion by 2032. Trustwell’s combined FoodLogiQ and Genesis offerings position it to capture a growing share of this market, driven by heightened public‑health concerns, evolving ESG standards, and consumer demand for supply‑chain transparency.
TPG’s investment is expected to accelerate product development, expand customer acquisition, and deepen integration across Trustwell’s platform. The firm’s impact‑investment mandate suggests a focus on sustainable growth and measurable social outcomes, aligning with Trustwell’s mission to enhance food safety and transparency. The majority stake also signals confidence in Trustwell’s ability to scale and deliver long‑term value to its customers and to TPG’s impact‑portfolio objectives.
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