Tech Company Financing Transactions
TraceAir Funding Round
TraceAir closed a $25 million Series B financing round on 5/29/2024. Backers included PeakSpan Capital, Flashpoint and private investors.
Transaction Overview
Company Name
Announced On
5/29/2024
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Series B
Investors
PeakSpan Capital (Lead Investor)
Proceeds Purpose
The company intends to use the funds for the development and market roll-out of new products to boost land development and homebuilding workflows with predictive analytics and to set the industry on a new level of efficiency and automation.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
1741 Bdwy. 2nd Floor
Redwood City, CA 94063
USA
Redwood City, CA 94063
USA
Phone
Undisclosed
Website
Email Address
Overview
TraceAir started in 2015 as a group of software engineers who found themselves in love with the construction industry and people that build our homes, schools, hospitals, and roads. We were surprised to realize that the industry hasn't yet adopted automation and technological advances that already exist in the digital world.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Dmitry Korolev
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We record tech company VC transactions. VC transactions on this site are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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