What is Trace Ambulance?
Founded in 1996, Trace Ambulance has evolved from a small operation with four vehicles to a fleet of thirty-two ambulances. The company specializes in Basic Life Support (BLS), Advanced Life Support (ALS), and Critical Care transportation services. Serving numerous hospitals, skilled nursing facilities, and dialysis centers, Trace Ambulance also operates as a contracted 911 provider. Its strategic location in Tinley Park, Illinois, facilitates its service to the greater Chicagoland area, with a demonstrated commitment to customer service driving its expansion.
How much funding has Trace Ambulance raised?
Trace Ambulance has raised a total of $1.1M across 2 funding rounds:
Debt
$350K
Debt
$795K
Debt (2020): $350K with participation from PPP
Debt (2021): $795K led by PPP
Key Investors in Trace Ambulance
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Trace Ambulance?
The recent major strategic investment suggests Trace Ambulance is poised for further expansion and operational enhancement. This capital infusion will likely support fleet modernization, service area growth, and potentially the adoption of new medical transport technologies. The company's established presence and contracted 911 services provide a stable foundation for leveraging this new financing to solidify its market position and potentially explore new service offerings within the critical healthcare logistics landscape.
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