Ecotrak, an Irvine, CA-based provider of an intelligent facility management platform, raised $30M in funding.
The round was led by Respida Capital, with participation from Carver Road Capital, and existing investor Gala Capital Partners.
The company intends to use the funds to further accelerate its product development and go-to-market efforts.
Led by CEO Matt Singer, Ecotrak simplifies facilities management through modern web and mobile applications for multi-site owners and operators of restaurants, convenience stores, grocery stores, and countless other businesses. Its platform combines asset-specific data at a granular level, automation and predictive analytics with a large network of service providers.
Customers include Inspire Brands, Flynn Group, Dutch Bros Coffee and Dave & Buster’s.
Commenting on the news, Matt Singer said: “As pioneers of enterprise asset management, Ecotrak drives operational scale for our customers and delivers tangible bottom-line impact through analytics and work automation. This investment allows us to further capitalize on these opportunities and solidify our market position.”
FinSMEs
15/04/2024