What is BlueTrace?
BlueTrace provides a robust and user-friendly traceability platform designed for shellfish harvesters, growers, distributors, and dealers. Their integrated Tagging and Distributor applications empower businesses of all sizes to streamline operations, meet stringent regulatory requirements, and maintain precise inventory control. By leveraging technology, BlueTrace aims to enhance transparency and efficiency throughout the seafood supply chain, addressing critical needs for compliance and operational optimization in a complex market.
How much funding has BlueTrace raised?
BlueTrace has raised a total of $3.2M across 1 funding round:
Angel/Seed
$3.2M
Angel/Seed (2023): $3.2M with participation from Maine Venture Fund, York IE, and Coastal Venture Enterprises
Key Investors in BlueTrace
Maine Venture Fund
Maine Venture Fund is dedicated to investing in high-potential businesses within Maine, providing equity capital to accelerate growth and foster economic impact. They focus on catalyzing capital and cultivating success for local startups.
York IE
York IE is a hybrid strategic advisory, investment, and operational growth firm that supports innovative companies by investing capital, expertise, and passion to help them scale and disrupt markets.
Coastal Venture Enterprises
Coastal Venture Enterprises specializes in real estate investing and interior design, offering a modern approach with extensive experience in real estate investment and a focus on design excellence.
What's next for BlueTrace?
With the backing of major enterprise-level investment, BlueTrace is poised for significant expansion. The company is likely to focus on scaling its technology infrastructure, broadening its customer base across the global seafood market, and potentially developing new features to further enhance traceability and data analytics. Strategic partnerships and continued innovation will be key as BlueTrace solidifies its role as a leader in providing essential compliance and operational tools for the seafood industry, aiming to set new standards for supply chain integrity and efficiency.
See full BlueTrace company page
