Tech Company Financing Transactions

TRX Systems Funding Round

TRX Systems, based in Greenbelt, secured $2 million from Motorola Solutions Venture Capital, Maryland Department of Business and Economic Development and New Dominion Angels.

Transaction Overview

Company Name
Announced On
11/12/2012
Transaction Type
Venture Equity
Amount
$2,000,000
Round
Series A
Proceeds Purpose
This investment will be used to fund integration of the TRX NEON Indoor Location System with Motorola Solutions radios to expand the industrial and commercial location applications for which the TRX sensor fusion and mapping technology is applied and to scale sales and marketing.

Company Information

Company Status
Private & Independent
Industry
Communications
Mailing Address
7500 Greenway Center Dr. 420
Greenbelt, MD 20770
USA
Email Address
Overview
TRX was created in 2004 to take advantage of the emerging ubiquity of personal location technology and small electronics. We have a specific focus in location aware computing and wireless sensor networks and the related signal processing.
Profile
TRX Systems LinkedIn Company Profile
Social Media
TRX Systems Company Twitter Account
Company News
TRX Systems News
Facebook
TRX Systems on Facebook
YouTube
TRX Systems on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Carol Politi
  Carol Politi LinkedIn Profile  Carol Politi Twitter Account  Carol Politi News  Carol Politi on Facebook
Chief Technical Officer
Carole Teolis
  Carole Teolis LinkedIn Profile  Carole Teolis Twitter Account  Carole Teolis News  Carole Teolis on Facebook
VP - Bus. Development
Jeff Kunst
  Jeff Kunst LinkedIn Profile  Jeff Kunst Twitter Account  Jeff Kunst News  Jeff Kunst on Facebook
VP - Engineering
Ben Funk
  Ben Funk LinkedIn Profile  Ben Funk Twitter Account  Ben Funk News  Ben Funk on Facebook
VP - Finance
David Gray
  David Gray LinkedIn Profile  David Gray Twitter Account  David Gray News  David Gray on Facebook


 

 

Browse more venture capital transactions:

Prev: 11/12/2012: Tareasplus venture capital transaction
Next: 11/12/2012: HapYak venture capital transaction

 

Share this article

 


Where The Data Comes From

Our team works diligently to record all VC transactions involving tech companies. VC investment data records reported here come from publicly available VC deal announcements. The data is sourced from VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary