How Much Did Record360 Raise?
Funding & Key Investors

Record360 has successfully secured a significant capital injection, bringing its total funding to $2.1M. This latest major strategic investment of $500K underscores the company's robust growth trajectory within the digital asset management sector. By leveraging this influx of financing, the firm is well-positioned to accelerate its market penetration and enhance its technological infrastructure for heavy equipment and automotive industries.

The capital raise reflects strong investor confidence in the company's ability to mitigate operational risks through advanced documentation solutions. As the firm transitions into a more mature phase of its lifecycle, this backing serves as a critical catalyst for scaling its enterprise-level operations and expanding its footprint in the competitive inspection software landscape.

What is Record360?

Record360
SoftwareSupply Chain Management (SCM) SoftwareMobile App Development

Record360 provides a sophisticated digital inspection platform, InspectPro, which utilizes high-fidelity photo, video, and signature capture to streamline asset condition reporting. By digitizing the inspection process, the company effectively reduces damage disputes and optimizes rental return on investment for heavy equipment, trucking, and automotive fleets. The platform is engineered for seamless integration into existing enterprise workflows, ensuring that businesses maintain high standards of compliance and operational transparency. Through its focus on eliminating ambiguity in asset condition, Record360 has established itself as a vital partner for organizations seeking to modernize their maintenance and claims management protocols.

How much funding has Record360 raised?

Record360 has raised a total of $2.1M across 2 funding rounds:

2015

Angel/Seed

$1.6M

2017

Private Equity

$500K

Angel/Seed (2015): $1.6M with participation from Bellingham Angel Investors and alliance of angels

Private Equity (2017): $500K led by Alliance of Angels and Bellingham Angel Investors

Key Investors in Record360

Alliance of Angels

A prominent network of angel investors based in the Pacific Northwest, specializing in providing seed-stage financing and strategic support to high-growth technology and hardware startups.

Bellingham Angel Investors

A venture capital firm established in 2005 that focuses on identifying and funding early to middle-stage companies with significant growth potential.

What's next for Record360?

With the recent infusion of capital, Record360 is poised to prioritize the scaling of its InspectPro ecosystem, focusing on deeper integration capabilities and enhanced data analytics features. The strategic roadmap likely includes expanding its reach into new industrial verticals where asset condition documentation is paramount for risk mitigation. Furthermore, the company is expected to invest in talent acquisition and customer success initiatives to support its growing enterprise client base. By maintaining its focus on high-growth sectors and leveraging its proven technology, Record360 is set to solidify its market position as a leader in digital inspection and asset lifecycle management.

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Frequently Asked Questions Regarding Record360 Financial Insights

What are the most recent funding rounds that Record360 has completed, and what were the funding rounds?
Record360 has recently completed 2 funding rounds: Private Equity on Feb 14, 2017, Angel/Seed on Jul 23, 2015.
What is the total amount of funding Record360 has raised to date?
Record360 has raised a total of $2.1M in funding to date.
How many funding rounds has Record360 completed?
Record360 has completed 2 funding rounds.
How much funding did Record360 raise in its most recent funding round?
Record360 raised $500K in its most recent funding round.
Who are the lead investors in Record360's latest funding round?
The lead investor in Record360's latest funding round was Alliance of Angels. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Record360's history?
The largest funding round in Record360's history was $1.6M.
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