digitization
Importance of Yield Tracking
The importance of yield tracking in the food and beverage industry, its challenges, and how automation software can revolutionize this crucial aspect.
The $575,000 investment will fuel the company's mission to empower manufacturers with complete visibility into their operations.
Tracktile, an innovative technology SaaS startup, is excited to announce the successful closing of its pre-seed financing round.
The pre-seed funding round was led by BDC Capital’s Seed Venture Fund and Island Capital Partners, with participation from the New Brunswick Innovation Foundation. This round of funding will enable Tracktile to accelerate its product development, expand its team, and scale its operations to meet growing market demand.
"Securing this funding is a huge step forward for us," said Jordan Rose, CEO and co-founder of Tracktile.
"It means we can dive deeper into our mission of empowering manufacturers with the modern solutions they deserve. We're grateful for the trust our investors have shown and excited to bring our vision to life. It’s only the beginning!"
"This funding is like rocket fuel for our team," said Jarred Kenny, CTO and co-founder of Tracktile.
"We now have the resources to push the boundaries of our technology and deliver a product that our users love. It's an exciting time for us, and we can't wait to show everyone what we've been working on."
“Our investment in PEI-based Tracktile underscores BDC’s heightened dedication to supporting entrepreneurs in the Atlantic Canada region right from their earliest stages,'' said Dinar Ahmed, Partner, Seed Venture Fund.
''We’re excited to support Jordan and Jarred on their mission to empower small and growing manufacturers to manage their business with the same degree of sophistication as incumbents in the space. Tracktile’s customer-centric and data-driven approach to creating a novel solution has led to remarkable success to date, and we can’t wait to see its evolution.’’
“We are continually impressed by the traction achieved inside and outside the region, and we are excited to be part of their journey," said Ron Myers, Partner at Island Capital Partners.
About Tracktile
Tracktile is committed to helping manufacturers solve complex problems without overly complex solutions. The company is poised to close out its Early Adopter Program this year and expand internationally.
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 make more money.
Visit tracktile.io or reach out to hello@tracktile.io
About BDC Capital
BDC Capital is the investment arm of BDC, Canada’s bank for entrepreneurs. With over $6 billion under management, BDC Capital serves as a strategic partner to the country’s most innovative firms. 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.
Visit bdc.ca/capital.
About Island Capital Partners
Island Capital Partners is a boutique founder-friendly early investor in Atlantic Canada with a focus on the Prince Edward Island ecosystem.
Visit islandcapital.vc
