Total amount raised
$233.9 Million
Latest funding date
08/01/2018
Location
TraceLink has successfully navigated seven funding rounds, with the latest being a Series D led by Georgian. The company is backed by nine investors, including Volition Capital and Georgian.
TraceLink's platform focuses on supply chain orchestration, particularly within the healthcare and life sciences industries. Keep reading to explore the intricacies of TraceLink's fundraising journey and the investors backing this innovative platform.
What Is TraceLink?
TraceLink, founded in 2009, is a private company based in North Reading, Massachusetts. Specializing in supply chain orchestration for the healthcare and life sciences industries, the company employs between 501-1000 people.
As a SaaS network creation platform, TraceLink connects people, companies, systems, and processes to enhance supply chain efficiency and compliance. Their digital network includes over 291,000 members, aiming to improve visibility, compliance, and operational efficiency across various supply chain segments.
How Much Funding Has TraceLink Raised?
- Series A
- Amount Raised: USD 5,500,829
- Date: February 2014
- Lead Investors: FirstMark
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's network and enhance its supply chain orchestration capabilities.
- Series B
- Amount Raised: USD 20,199,999
- Date: February 2015
- Lead Investors: Volition Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and meet increasing demand in the healthcare and life sciences sectors.
- Series C
- Amount Raised: USD 51,500,000
- Date: November 2016
- Lead Investors: Goldman Sachs Growth Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To help TraceLink expand its services and comply with the Drug Supply Chain Security Act.
- Series D
- Amount Raised: USD 60,000,000
- Date: June 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and prepare for a potential public offering.
- Series D
- Amount Raised: USD 93,000,000
- Date: August 2018
- Lead Investors: Georgian
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further support the company's growth and prepare for a potential public offering.
- Debt Financing
- Amount Raised: USD 3,158,923
- Date: September 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional working capital for operational needs.
- Debt Financing
- Amount Raised: USD 500,000
- Date: August 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional working capital for operational needs.
Total Amount Raised: USD 234,859,751. Current Valuation: Not publicly disclosed.
Key Investors
- Georgian
- Details: Georgian is a growth equity firm that invests in high-growth software companies. They focus on companies that leverage applied artificial intelligence and data-driven insights.
- Investment Focus Areas: Software, AI, data-driven companies
- Notable Investments: Shopify, FreshBooks, Top Hat
- Goldman Sachs
- Details: Goldman Sachs is a leading global investment banking, securities, and investment management firm. They provide a wide range of financial services to a substantial and diversified client base.
- Investment Focus Areas: Technology, healthcare, finance
- Notable Investments: Uber, Spotify, WeWork
- Volition Capital
- Details: Volition Capital is a growth equity firm that invests in high-growth, founder-owned companies. They focus on helping companies scale and achieve their full potential.
- Investment Focus Areas: Internet applications, information services, software
- Notable Investments: Chewy, GlobalTranz, Assent Compliance
- FirstMark Capital
- Details: FirstMark Capital is a venture capital firm based in New York City. They invest in early-stage technology companies and support them through their growth stages.
- Investment Focus Areas: Technology, internet companies
- Notable Investments: Pinterest, Shopify, Riot Games
- F-Prime Capital
- Details: F-Prime Capital is a global venture capital firm affiliated with Fidelity Investments. They invest in healthcare and technology companies across various stages of development.
- Investment Focus Areas: Healthcare, technology
- Notable Investments: Ultragenyx, Orchard Therapeutics, Iora Health
What's Next for TraceLink?
TraceLink stands at the cusp of significant opportunities, driven by the increasing importance of drug traceability and compliance with global regulations. The company's recent $93 million Series D funding underscores the vast potential in the pharmaceutical supply chain market, particularly as regulatory measures like the Drug Supply Chain Security Act come into full effect.
Future fundraising opportunities appear promising, with the company preparing for a potential public offering. This move could provide the necessary capital to expand services and meet the stringent requirements of global track-and-trace regulations. However, TraceLink will need to navigate challenges such as competition and maintaining investor confidence in a highly regulated industry.
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