We are thrilled to announce our investment in Trustap to help Conor Lyden and the Trustap team execute on their mission to bring confidence and security to online transactions. MiddleGame is leading the $3.4m (€3.1m) post-Seed round, with co-investment from Act and Atlantic Bridge.
Peer-to-peer (P2P) transactions are hampered by an opaque process and lack of trust. Trustap remedies this and provides users with greater confidence and transparency via their end-to-end digital and escrow-style transaction platform.
Ireland-based Trustap will use this new injection of funding to accelerate growth of their marketplace strategy and add to their expanding roster of global online marketplace clients.
General Partner Patrick Pinschmidt shares his thoughts on the Trustap investment:
“We are excited to partner with Conor and his team to support Trustap’s growth ambitions. The company is well positioned to play an integral role in unlocking friction around marketplace transactions by providing confidence to both sellers and buyers. In competitive online markets with thin margins, the Trustap platform differentiates itself by reducing the incidence of abandoned transactions and offering incremental revenue opportunities from successful transactions, as well as better data tools for business customers.”
You can read more about Trustap and our investment here.
