Total amount raised
$7.5 Millions
Latest funding date
1/1/2019
Location
Tracxn has successfully raised funding through multiple rounds, with the latest being a Venture - Series Unknown round. The platform offers comprehensive data and insights on over 4 million companies globally, catering to venture capitalists, private equity firms, and investment banks.
Keep reading to explore the intricacies of Tracxn's fundraising journey and the investors backing this innovative platform.
What Is Tracxn?
Tracxn, founded in 2013 by Abhishek Goyal and Neha Singh, is headquartered in Bengaluru, Karnataka, India. The company specializes in providing a comprehensive data platform that offers insights and analytics on over 4 million companies globally.
Tracxn's platform is designed to cater to venture capitalists, private equity firms, investment banks, and other stakeholders in the investment ecosystem. The company employs between 101 and 250 people, ensuring robust support and continuous innovation in their offerings.
With a focus on tracking innovation and providing detailed coverage across various sectors and geographies, Tracxn has established itself as a key player in the data and analytics industry. Their services are tailored to meet the needs of investors, corporates, government agencies, and more.
How Much Funding Has Tracxn Raised?
- Amount Raised: $3.5M
- Date: April 2015
- Lead Investors: Elevation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their data platform and enhance service offerings.
- Amount Raised: $1M
- Date: June 2015
- Lead Investors: Binny Bansal, Sachin Bansal
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and support growth initiatives.
- Amount Raised: Not publicly disclosed
- Date: January 2016
- Lead Investors: Ratan Tata
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and expand market reach.
- Amount Raised: Not publicly disclosed
- Date: February 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their analytics capabilities.
- Amount Raised: $3M
- Date: April 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: $70M
- Motivation Behind the Round: To support growth and enhance their data platform.
- Amount Raised: Not publicly disclosed
- Date: January 2019
- Lead Investors: Prime Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their service offerings and scale operations.
Total Amount Raised: $7.5M. Current Valuation: $70M.
Key Investors
- Prime Venture Partners
- Details: Prime Venture Partners is a venture capital firm that focuses on early-stage technology startups. They are known for their hands-on approach and deep involvement in the companies they invest in.
- Investment Focus Areas: Fintech, SaaS, healthcare.
- Notable Investments: Ezetap, MyGate, Happay.
- Elevation Capital
- Details: Elevation Capital, formerly known as SAIF Partners, is a leading venture capital firm in India. They invest in early to growth-stage companies across various sectors.
- Investment Focus Areas: Technology, media, telecommunications, financial services.
- Notable Investments: MakeMyTrip, JustDial, Paytm.
- Binny Bansal
- Details: Binny Bansal is the co-founder of Flipkart, one of India's largest e-commerce platforms. He is an active angel investor and entrepreneur.
- Investment Focus Areas: E-commerce, technology, logistics.
- Notable Investments: Not publicly disclosed.
- Sachin Bansal
- Details: Sachin Bansal is the co-founder of Flipkart and a prominent figure in the Indian startup ecosystem. He has made several investments in various startups.
- Investment Focus Areas: E-commerce, fintech, technology.
- Notable Investments: Not publicly disclosed.
- Ratan Tata
- Details: Ratan Tata is the former chairman of Tata Sons and a well-known industrialist and philanthropist. He has invested in numerous startups across different sectors.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Ola, Paytm, UrbanClap.
What's Next for Tracxn?
Tracxn's recent $3 million funding round, which values the company at $70 million, opens up significant opportunities for growth. With backing from prominent investors like Sequoia Capital and Accel Partners, the company is well-positioned to expand its research capabilities and enter new markets. The technology, media, and telecommunications sector, where Tracxn operates, is seeing robust investment activity, further enhancing its growth prospects.
Future fundraising opportunities look promising, given the strong interest from existing investors. However, Tracxn may face challenges such as competition from other research platforms and maintaining the quality of its data while scaling operations. Economic fluctuations and changes in investor sentiment could also impact future funding rounds. Despite these challenges, Tracxn's solid foundation and strategic investor relationships suggest a bright future ahead.
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