Trinetix, a prominent product development company with deep blockchain expertise, has raised $10 million in funding from Hypra, a Kyiv-based investment fund. This strategic funding infusion will empower Trinetix to further its expansion into Latin America, enhancing its operations for North American clients and amplifying its footprint in the Latam market.
With a strong presence in Europe and the United States, Trinetix has garnered a loyal clientele, including major industry players like Coca-Cola, P&G, and ExxonMobil. The company has also established itself as a trusted partner to a ‘Big Four’ professional services firm, setting new benchmarks in innovation and operational efficiency.
Trinetix plans to use the fund to establish an office in Latin America, fostering strategic partnerships and potential acquisitions to strengthen its market position. Additionally, it will create opportunities for the region’s tech talent to collaborate with Trinetix and its Fortune 500 clients, crucial especially in the face of the global financial downturn.
According to the company, it will not only help in sustaining Trinetix’s rapid growth but also diversifying its team, currently spread across Ukraine, the EU, and the US.
Sasha Strozhemin, Co-Founder and CEO of Trinetix, highlighted their commitment to strengthening partners’ outcomes and their intention to triple the company size within the next four years, aiming to become a $1 billion brand in the coming decade.
Hypra Fund has already invested in notable software development firms and actively supports companies providing software as a service, despite the challenging backdrop of a full-scale war in Ukraine.
Trinetix adds to their portfolio of software development firms, including Boosty Labs, the European Union’s largest blockchain development hub, and Evacodes, a Web3 development company.
Igor Pertsiya, Managing Partner at Hypra, expressed confidence in Trinetix’s dedication to innovation and anticipated a promising journey to success for the company, benefiting investors, partners, and the global workforce.