Total amount raised
$7.5 Million
Latest funding date
1/1/2019
Location
Tracxn has raised funding over five rounds, with Prime Venture Partners and Venture Highway among its notable investors. The platform leverages technology and human expertise to provide comprehensive data services for venture capital, corporate development, 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, based in Bengaluru, Karnataka, India, operates as a comprehensive data platform for startups. The company is involved in multiple industries, including analytics, big data, enterprise software, information technology, software, and venture capital. It serves over 1,000 customers across more than 30 countries.
Founded by a team of experts, Tracxn leverages both technology and human expertise to provide tailored solutions for venture capital funds, private equity funds, investment banks, corporate development teams, and other stakeholders. The company tracks over 5.5 million companies globally and employs between 501 and 1000 people.
How Much Funding Has Tracxn Raised?
- Series A
- Amount Raised: USD 3,500,000
- Date: April 2015
- Lead Investors: Elevation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's data platform and enhance its technological capabilities.
- Series A
- Amount Raised: USD 10,000,000
- Date: June 2015
- Lead Investors: Binny Bansal, Sachin Bansal
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: January 2016
- Lead Investors: Ratan Tata
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To leverage strategic insights and mentorship from key investors.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: February 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and development initiatives.
- Series Unknown
- Amount Raised: USD 3,000,000
- Date: April 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: USD 70,000,000
- Motivation Behind the Round: To fuel expansion and enhance the platform's capabilities.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: January 2019
- Lead Investors: Prime Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling the business and improve data services.
Total Amount Raised: USD 16,500,000
Current Valuation: USD 70,000,000
Key Investors
- Prime Venture Partners
- Details: Prime Venture Partners is a venture capital firm that has been a lead investor in Tracxn, participating in multiple funding rounds. The firm focuses on early-stage investments in technology-driven companies.
- Investment Focus Areas: Technology, SaaS, Fintech
- Notable Investments: Tracxn, MyGate, Quizizz
- Elevation Capital
- Details: Elevation Capital, formerly known as SAIF Partners, is a leading venture capital firm in India. They have invested in Tracxn during its Series A round.
- Investment Focus Areas: Consumer Internet, SaaS, Fintech
- Notable Investments: Paytm, Swiggy, UrbanClap
- Binny Bansal
- Details: Binny Bansal is the co-founder of Flipkart, one of India's largest e-commerce platforms. He has invested in Tracxn during its Series A round.
- Investment Focus Areas: E-commerce, Technology, Logistics
- Notable Investments: Flipkart, Acko, SigTuple
- Sachin Bansal
- Details: Sachin Bansal is the co-founder of Flipkart and a prominent entrepreneur in India. He has also invested in Tracxn during its Series A round.
- Investment Focus Areas: E-commerce, Fintech, Technology
- Notable Investments: Flipkart, Navi Technologies, Ola
- Ratan Tata
- Details: Ratan Tata is the former chairman of Tata Sons and a well-known industrialist in India. He has invested in Tracxn in an undisclosed funding round.
- Investment Focus Areas: Technology, E-commerce, Healthcare
- Notable Investments: Snapdeal, UrbanClap, Paytm
What's Next for Tracxn?
Tracxn stands at the cusp of significant growth opportunities, buoyed by a recent funding round that valued the company at $70 million. With fresh capital in hand, the company is well-positioned to expand its research capabilities and enhance its platform, tapping into the rapidly evolving technology and startup research industry.
Future fundraising prospects look promising, given the strong backing from high-profile investors like Sequoia Capital and Accel Partners. This financial support not only provides the means for expansion but also opens doors to strategic partnerships and collaborations. However, Tracxn must navigate challenges such as intense competition and the need for continuous innovation to maintain its competitive edge.
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