About Matrak
Matrak is a company based in Melbourne (Australia) founded in 2013 by Brett Hodgkins and Shane Hodgkins. It operates as a SaaS (Software-as-a-Service). Matrak has raised $10.74 million across 3 funding rounds from investors including Hickory, Rampersand and Leigh Jasper. Matrak offers products and services including Matrak Connect, Material Tracking, and Embodied Carbon Tracking. Matrak operates in a competitive market with competitors including Fieldwire, PlanGrid, Powerplay, Aconex and Finalcad, among others.
- Headquarter Melbourne, Australia
- Founders Brett Hodgkins, Shane Hodgkins
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Sectors
Real Estate & ConstructionTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Matrak Enterprises Pty Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.74 M (USD)
in 3 rounds
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Latest Funding Round
$1.89 M (USD), Series A
Apr 29, 2024
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Investors
Hickory
& 5 more
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Employee Count
Employee Count
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Products & Services of Matrak
Matrak offers a comprehensive portfolio of products and services, including Matrak Connect, Material Tracking, and Embodied Carbon Tracking. 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.
AI-driven workflows for construction material tracking are provided.
Source-to-site material tracking for construction projects is enabled.
Real-time carbon budget tracking for materials is offered.
Funding Insights of Matrak
Matrak has successfully raised a total of $10.74M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $1.89 million completed in April 2024. 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 3
- Last Round Series A — $1.9M
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First Round
First Round
(03 Jun 2019)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series A - Matrak | Valuation |
investors |
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| Jan, 2021 | Amount | Series A - Matrak | Valuation | Rampersand | |
| Jun, 2019 | Amount | Seed - Matrak | Valuation | Hickory , Superseed Ventures |
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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 Matrak
Matrak has secured backing from 6 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Hickory, Rampersand and Leigh Jasper. 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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Venture capital funding is offered to early-stage tech founders.
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Founded Year | Domain | Location | |
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Superseed Ventures is focused on investing in TradeTech solutions.
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Founded Year | Domain | Location | |
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Venture capital investing across early-stage tech startups
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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 Matrak
| 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 - Matrak
| 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 |
Matrak Comparisons
Competitors of Matrak
Matrak 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 Fieldwire, PlanGrid, Powerplay, Aconex and Finalcad, 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 |
A cloud-based collaboration platform is offered for construction project teams.
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| domain | founded_year | HQ Location |
Provider of collaboration on web and mobile for field construction
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| domain | founded_year | HQ Location |
SaaS software for construction professionals' communication and collaboration is provided.
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| domain | founded_year | HQ Location |
Cloud-based project management software is delivered for construction projects.
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| domain | founded_year | HQ Location |
Mobile-first quality management and field management solution for construction projects
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| domain | founded_year | HQ Location |
Collaboration and scheduling software is provided for home construction.
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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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Frequently Asked Questions about Matrak
When was Matrak founded?
Matrak was founded in 2013 and raised its 1st funding round 6 years after it was founded.
Where is Matrak located?
Matrak is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
Who is the current CEO of Matrak?
Shane Hodgkins is the current CEO of Matrak. They have also founded this company.
Is Matrak a funded company?
Matrak is a funded company, having raised a total of $10.74M across 3 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Jun 03, 2019.
What does Matrak do?
Material tracking and construction management solutions are offered by Matrak. The company focuses on source-to-site tracking across fabrication, logistics, quality, and carbon accounting. Sectors served include construction for builders, manufacturers, suppliers, logistics, and installers. AI-driven workflows, seamless integrations with tools like Procore and Autodesk, and real-time reporting are provided. Solutions aim to de-risk supply chains, improve margins, and ensure compliance with ESG standards through accurate carbon tracking. A global network connects over 1000 companies for streamlined project delivery.
Who are the top competitors of Matrak?
Matrak's top competitors include XYZ Reality, PlanGrid and Powerplay.
What products or services does Matrak offer?
Matrak offers Matrak Connect, Material Tracking, and Embodied Carbon Tracking.
Who are Matrak's investors?
Matrak has 6 investors. Key investors include Hickory, Rampersand, Leigh Jasper, Superseed Ventures, and OIF Ventures.