About NexTraq
NexTraq is a company based in Atlanta (United States) founded in 2000 was acquired by Michelin in June 2017.. NexTraq offers products and services including Driver Safety, Fleet Visibility, Mobile Workforce, and Maintenance Compliance. NexTraq operates in a competitive market with competitors including Spireon, Fleet Complete, EquipmentShare, SkyBitz and CalAmp, among others.
- Headquarter Atlanta, United States
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Nextraq, Llc
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Products & Services of NexTraq
NexTraq offers a comprehensive portfolio of products and services, including Driver Safety, Fleet Visibility, Mobile Workforce, and Maintenance Compliance. 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.
Monitors driver behavior to enhance safety and prevent accidents.
Provides real-time asset and vehicle location monitoring.
Enables routing, dispatching, and time attendance for workers.
Manages vehicle inspections and ELD compliance requirements.
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Funding Insights of NexTraq
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Investors in NexTraq
NexTraq has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Michelin, Francisco Partners and FLEETCOR. 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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Private equity investment firm focused on technology sector
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Composites, tires, and components are manufactured for diverse industries.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by NexTraq
| 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 - NexTraq
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Nextraq Comparisons
Competitors of NexTraq
NexTraq 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 Spireon, Fleet Complete, EquipmentShare, SkyBitz and CalAmp, 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 |
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| domain | founded_year | HQ Location |
SaaS-enabled solutions for fleet and field service management are offered.
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Fleet, asset, and mobile workforce management solutions are provided.
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Equipment rental marketplace and digital tools for construction are offered.
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Remote asset tracking and management solutions are provided globally.
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Machine-to-machine communication solutions are delivered for IoT and asset tracking.
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Vehicle tracking and fleet management solutions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nextraq
Frequently Asked Questions about NexTraq
When was NexTraq founded?
NexTraq was founded in 2000.
Where is NexTraq located?
NexTraq is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Who is the current CEO of NexTraq?
Jim Borkey is the current CEO of NexTraq.
What does NexTraq do?
NexTraq was founded in 2000 in Atlanta, United States, and operates in the GPS fleet and asset tracking sector. Cloud-based solutions are provided for monitoring vehicles, employees, and assets around the clock. Features include over 37 reports, 23 real-time alerts, dispatching tools, scheduling options, and mobile apps for iOS and Android. Customizable services are tailored for small to medium-sized fleets to support operational management.
Who are the top competitors of NexTraq?
NexTraq's top competitors include EquipmentShare, Mapon and Quartix.
What products or services does NexTraq offer?
NexTraq offers Driver Safety, Fleet Visibility, Mobile Workforce, and Maintenance Compliance.
Who are NexTraq's investors?
NexTraq has 3 investors. Key investors include Michelin, Francisco Partners, and FLEETCOR.