What is BlueTrace?
BlueTrace offers a streamlined and robust traceability solution designed for shellfish harvesters, growers, distributors, and dealers. The company's innovative Tagging and Distributor applications empower organizations of all sizes to optimize their operational activities, ensure compliance with evolving regulations, and maintain precise inventory control. By leveraging technology, BlueTrace aims to bring efficiency and transparency to the seafood supply chain.
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 York IE, Coastal Venture Enterprises, and Maine Venture Fund
Key Investors in BlueTrace
York IE
York IE is a hybrid firm offering strategic advisory, investment, and operational growth support, focusing on scaling innovative companies through capital, expertise, and content.
Coastal Venture Enterprises
Coastal Venture Enterprises specializes in real estate investing and interior design, led by an MBA with extensive experience, serving clients in Connecticut, New York, Rhode Island, and Vermont.
Maine Venture Fund
Maine Venture Fund invests equity capital in high-potential Maine-based businesses to accelerate growth and provides co-investment opportunities, aiming to catalyze capital and cultivate local startup success.
What's next for BlueTrace?
With the recent major enterprise-level funding, BlueTrace is poised for significant expansion. This capital injection will likely fuel product development, enhance sales and marketing efforts, and potentially broaden its market reach. The company's focus on regulatory compliance and inventory management positions it well to capitalize on increasing demands for supply chain transparency in the food industry. Future growth may involve strategic partnerships and further technological advancements to solidify its leadership in seafood traceability.
See full BlueTrace company page
