Tracktile, a Canada-based technology SaaS startup, has raised $575,000 in pre-seed financing round.
Investors
The round was led by BDC Capital’s Seed Venture Fund and Island Capital Partners, with participation from the New Brunswick Innovation Fund.
BDC Capital is the investment arm of BDC, Canada’s bank for entrepreneurs. With over $6 billion under management, it offers businesses a full spectrum of capital, from seed investments to growth equity, as well as fund investments, supporting Canadian entrepreneurs who have the ambition to stand out on the world stage.
Island Capital Partners is a boutique, founder-friendly early investor in Atlantic Canada with a focus on the Prince Edward Island ecosystem. They invest mostly in the pre-seed and seed stages. Founded in 2017, the firm is based in Charlottetown, Canada.
Tracktile Use of Funds
The company will use the funding to accelerate its product development, expand its team, and scale its operations to meet growing market demand.
About Tracktile
Tracktile offers cloud-based manufacturing software tailored specifically for the food and beverage industry, with plans to move to other manufacturing verticals. Their platform includes enterprise solutions for established or growing businesses and Tracktile Essentials for small businesses and startups. The platform provides comprehensive solutions for inventory management, production planning, and real-time operational visibility with data analysis. By automating data collection and offering configurable reporting and smart hardware integration, Tracktile helps manufacturers streamline their processes, reduce costs, and increase profits.
Funding Details
Company: Tracktile
Raised: $575K
Round: Pre-Seed Round
Funding Month: July 2024
Lead Investors: BDC Capital’s Seed Venture Fund, Island Capital Partners
Additional Investors: New Brunswick Innovation Fund
Company Website: https://tracktile.io/
Software Category: Manufacturing
Source: https://www.businesswire.com/news/home/20240731367297/en