About BlueTrace
BlueTrace is a company based in Castine (United States) founded in 2017 by Andy Kearney, Cat Ganim, Andrew Condon, and Chip Terry.. BlueTrace has raised $4.3 million across 4 funding rounds from investors including CEI, York IE and Maine Venture Fund. The company has 8 employees as of December 31, 2024. BlueTrace offers products and services including Inventory Management, Print & Log, and Sales and Purchasing. BlueTrace operates in a competitive market with competitors including FishLog, Maritech Seafood, Wholechain, Jaljeevika and Sedna Technologies, among others.
- Headquarter Castine, United States
- Employees 8 as on 31 Dec, 2024
- Founders Andy Kearney, Cat Ganim, Andrew Condon, Chip Terry
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Sectors
Agriculture
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Shellfish Solutions
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.3 M (USD)
in 4 rounds
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Latest Funding Round
$4.3 M (USD), Seed
Feb 16, 2023
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Investors
CEI
& 6 more
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Employee Count
8
as on Dec 31, 2024
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Products & Services of BlueTrace
BlueTrace offers a comprehensive portfolio of products and services, including Inventory Management, Print & Log, and Sales and Purchasing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tool for tracking and managing seafood inventory in real-time.
System for printing compliant tags and logging seafood data.
Features for handling sales orders and purchasing processes.
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Product Management Team
1 people
Co Team
1 people
Leadership Team
1 people
Software Development Team
1 people
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Funding Insights of BlueTrace
BlueTrace has successfully raised a total of $4.3M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $4.3 million completed in February 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Seed — $4.3M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Seed - BlueTrace | Valuation | York IE , Maine Venture Fund | |
| Jul, 2020 | Amount | Grant - BlueTrace | Valuation |
investors |
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| Sep, 2019 | Amount | Seed - BlueTrace | Valuation | Maine Venture Fund |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BlueTrace
BlueTrace has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include CEI, York IE and Maine Venture Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Advisory and investment services for technology companies, focusing on B2B SaaS growth.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Venture capital firm and startup incubator
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BlueTrace
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BlueTrace
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bluetrace Comparisons
Competitors of BlueTrace
BlueTrace operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as FishLog, Maritech Seafood, Wholechain, Jaljeevika and Sedna Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based supply chain solutions are offered to seafood businesses.
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| domain | founded_year | HQ Location |
End-to-end software and financial solutions for seafood industry are provided.
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| domain | founded_year | HQ Location |
Provider of blockchain-based traceability solution for agriculture and aquaculture
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| domain | founded_year | HQ Location |
Fish production and research services are provided by Jaljeevika.
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| domain | founded_year | HQ Location |
Seafood supply chain technology solutions provider
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bluetrace
Frequently Asked Questions about BlueTrace
When was BlueTrace founded?
BlueTrace was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is BlueTrace located?
BlueTrace is headquartered in Castine, United States. It is registered at Castine, Maine, United States.
Who is the current CEO of BlueTrace?
Chip Terry is the current CEO of BlueTrace. They have also founded this company.
Is BlueTrace a funded company?
BlueTrace is a funded company, having raised a total of $4.3M across 4 funding rounds to date.
How many employees does BlueTrace have?
As of Dec 31, 2024, the latest employee count at BlueTrace is 8.
What does BlueTrace do?
BlueTrace was founded in 2017 in Castine, United States, as a provider of a platform focused on seafood industry operations. The platform enables growers, wholesalers, distributors, and dealers to maintain regulatory compliance and manage inventory. Traceability tags are offered to electronically collect and record harvest information, with reports delivered via mobile devices to support supply chain transparency.
Who are the top competitors of BlueTrace?
BlueTrace's top competitors include Wholechain, Maritech Seafood and FishLog.
What products or services does BlueTrace offer?
BlueTrace offers Inventory Management, Print & Log, and Sales and Purchasing.