What is Additech?
Additech specializes in providing patented, interactive merchandising systems for fuel retailers across North America. Installed on over 1,400 fueling positions at more than 400 stores, Additech's technology integrates seamlessly with fuel dispensers and point-of-sale systems. This enables fuel retailers to offer a variety of products and services directly to consumers at the gas pump, generating incremental revenue. The company operates on a turnkey services basis, handling manufacturing, installation, operation, and maintenance, while retailers share in the revenues. For over fourteen years, Additech has been a key partner for fuel retailers seeking to enhance customer offerings and optimize engine performance products.
How much funding has Additech raised?
Additech has raised a total of $27M across 7 funding rounds:
Angel/Seed
$10M
Other Financing Round
$6M
Unspecified
$2.3M
Other Financing Round
$4.6M
Other Financing Round
$1.9M
Other Financing Round
$1.8M
Debt
$350K
Angel/Seed (2005): $10M with participation from BEV Capital
Other Financing Round (2006): $6M led by Adams Capital Management and BEV Capital
Unspecified (2008): $2.3M, investors not publicly disclosed
Other Financing Round (2010): $4.6M featuring Adams Capital Management and BEV Capital
Other Financing Round (2012): $2M backed by Trinity Capital Investment
Other Financing Round (2013): $1.8M with participation from Trinity Capital Investment
Debt (2020): $350K led by PPP
Key Investors in Additech
Trinity Capital Investment
Trinity Capital is an international alternative asset manager specializing in private credit markets, offering financial solutions like tech lending and equipment financing for high-growth companies.
Adams Capital Management
Adams Capital Management is a venture capital firm focused on early-stage applied technology investments, leveraging industry expertise to help portfolio companies achieve market leadership.
BEV Capital
BEV Capital is a venture capital fund that invests in consumer-oriented businesses and supporting technologies, bringing marketing and sales expertise to its portfolio companies.
What's next for Additech?
The recent major strategic investment signals a new phase of growth and development for Additech. With a robust operational history and a proven technology platform, the company is well-positioned to expand its market reach and enhance its service offerings. Future strategies will likely focus on leveraging this capital to further innovate its merchandising systems, potentially exploring new product categories or expanding into additional retail channels. The ongoing support from its investors indicates confidence in Additech's business model and its capacity to drive significant revenue for its fuel retail partners.
See full Additech company page
