Key Takeaways:
- ThingTrax, a SaaS-based solution provider in IoT, completes a £4.3 million seed round funding.
- The leading investors are Concentric, Puma Private Equity, and SuperSeed Ventures.
- With this funding, the total raised capital by ThingTrax is to 9,059,349 USD.
- The fund will help the company in reducing downtime and increasing operational efficiency in the manufacturing sector.
London-based tech startup ThingTrax has successfully completed its seed round funding of £4.3 million. Specializing in Cloud Data Services, Information Technology, Internet of Things, SaaS, and Software, ThingTrax is on a mission to revolutionize the manufacturing industry. Their advanced devices facilitate the capturing of data from multiple machines, aimed at increasing operational efficiency by reducing downtime.
The fundraising round was led by Concentric, Puma Private Equity, and SuperSeed Ventures. Other participating investors included Haatch, Portfolio Ventures, and Vinci Venture Capital. The fundraise took place on July 20, 2023, making it the fifth fundraising round acquisition for the startup.
For more information about the company, please visit their official website or their Crunchbase profile.
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