What is TrackBill?
TrackBill operates within the technology sector, having attracted substantial investment across various financing rounds. The company's funding history, which includes Angel/Seed, Other Financing, Corporate Investment, and Debt, suggests a dynamic financial trajectory. The presence of venture capital firms and strategic investors points towards a business model focused on innovation and market expansion, likely within a B2B software or technology service domain, aiming to scale its operations and product offerings.
How much funding has TrackBill raised?
TrackBill has raised a total of $2.5M across 8 funding rounds:
Multiple Rounds
$585K
Angel/Seed
$1M
Other Financing Round
$375K
Unspecified
$400K
Debt
$150K
Other Financing Round (2013): $10K with participation from Nick Apperson
Unspecified (2013): $50K led by Arch Grants
Other Financing Round (2013): $25K supported by Hal Gentry
Corporate Investment (2013): $500K featuring Cultivation Capital
Angel/Seed (2014): $1M backed by Cultivation Capital
Other Financing Round (2014): $375K with participation from Hal Gentry, Brian Kinman, Mark Sullivan, and Cultivation Capital
Unspecified (2016): $400K led by Serra Ventures
Debt (2020): $150K supported by PPP
Key Investors in TrackBill
Cultivation Capital
Cultivation Capital is a venture capital firm that invests in young companies with transformative ideas across various industries, including life sciences, software, agriculture, and geospatial technology. The firm provides capital resources and a vast network of partners to help startups navigate the challenges of hyper growth from Series Seed through Series B.
Serra Ventures
Serra Ventures, LLC is a venture capital firm that focuses on funding early-stage technology startups, particularly in the AgTech sector. The company manages multiple funds, including Serra Capital I, II, and III, as well as specialized funds for Ag and Food Tech.
Arch Grants
Arch Grants is dedicated to accelerating economic development through equity-free business startup funding in St. Louis. Their Startup Competition attracts innovative entrepreneurs globally, offering essential startup capital and a robust support network to help bold ideas flourish.
What's next for TrackBill?
With the recent major strategic investment, TrackBill is poised for accelerated growth and market penetration. The company is likely to leverage this capital infusion to enhance its product development, expand its customer base, and potentially explore new market opportunities. The sustained backing from investors like Cultivation Capital and Serra Ventures underscores confidence in TrackBill's long-term vision and its capacity to deliver value in its operational sector.
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