About Trak Global Group
Trak Global Group is a company based in Crewe (United Kingdom) founded in 2009. Trak Global Group has raised $50 million across 1 funding round from investors including Three Hills Capital Partners. The company has 129 employees as of June 30, 2021. Trak Global Group has completed 1 acquisition, including Intelligent Mechatronic Systems. Trak Global Group offers products and services including IMS One App, IMS One App SDK, IMS Engagement Toolset, IMS Connected Claims, and IMS Wedge. Trak Global Group operates in a competitive market with competitors including Samsara, Coalition, Cuvva, Zego and Inseego, among others.
- Headquarter Crewe, United Kingdom
- Employees 129 as on 30 Jun, 2021
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Sectors
Financial ServicesTransportation, Automotive & Logistics
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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 Trak (Global Solutions) Limited
- Date of Incorporation 25 Jun, 2009
- Jurisdiction CREWE, CHESHIRE
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Annual Revenue
$26.96 M (USD)16as on Jun 30, 2018
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Net Profit
-$5.55 M (USD)-3360as on Jun 30, 2021
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EBITDA
Not available
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Total Equity Funding
$50 M (USD)
in 1 rounds
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Latest Funding Round
$50 M (USD), Series B
Aug 30, 2019
- Investors
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Employee Count
129
as on Jun 30, 2021
- Investments & Acquisitions
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Products & Services of Trak Global Group
Trak Global Group offers a comprehensive portfolio of products and services, including IMS One App, IMS One App SDK, IMS Engagement Toolset, IMS Connected Claims, and IMS Wedge.
App for engaging users in telematics-based insurance tracking.
SDK to integrate telematics into existing insurance apps.
Tools using telematics data to modify driving behavior.
Solution for data-driven insurance claims processing.
Platform for telematics in commercial insurance applications.
Funding Insights of Trak Global Group
Trak Global Group has successfully raised a total of $50M through 1 strategic funding round. The most recent funding activity was a Series B round of $50 million completed in August 2019. 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.
Investors in Trak Global Group
Trak Global Group has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Three Hills Capital Partners.
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Investor details for Trak Global Group
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Investments & Acquisitions by Trak Global Group
Trak Global Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Intelligent Mechatronic Systems.
Investment portfolio details for Trak Global Group
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Telematics solutions for insurance and connected car services are provided.
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Complete acquisition details for Trak Global Group
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Financial Statements - Trak Global Group
Detailed financials for Trak Global Group
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Trak Global Group Comparisons
Peer comparison for Trak Global Group
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Competitors of Trak Global Group
Trak Global Group 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 Samsara, Coalition, Cuvva, Zego and Inseego, among others.
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AI-powered cloud-based vehicle tracking solutions are offered for fleet owners.
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Online property and casualty insurance is provided for businesses.
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Online usage-based car insurance solutions
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Motor insurance is provided for personal and work driving.
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IoT networking hardware and device management platforms are provided.
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Auto insurance is delivered via app to individual drivers.
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Detailed competitors of Trak Global Group
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Latest news on Trak Global Group
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Frequently Asked Questions about Trak Global Group
Trak Global Group was founded in 2009 and raised its 1st funding round 10 years after it was founded.
Trak Global Group is headquartered in Crewe, United Kingdom. It is registered at Crewe, Cheshire, United Kingdom.
Trak Global Group is a funded company, having raised a total of $50M across 1 funding round to date.
As of Jun 30, 2021, the latest employee count at Trak Global Group is 129.
Annual revenue of Trak Global Group is $26.96M as on Jun 30, 2018.
Trak Global Group was founded in 2009 in Crewe, United Kingdom. Software for data and monitoring is supplied to fleet management and insurance companies within the automotive sector. A telematics hardware and app-based platform is utilized to capture vehicle data, including driver behavior, location, and speed. Support is extended to insurers for product development, usage-based insurance models, and claim processing operations.
Trak Global Group's top competitors include Samsara, Marshmallow and Coalition.
Trak Global Group offers IMS One App, IMS One App SDK, IMS Engagement Toolset, IMS Connected Claims, and IMS Wedge.
Trak Global Group has made 1 acquisition, including Intelligent Mechatronic Systems.
Trak Global Group has 1 investor. Key investors include Three Hills Capital Partners.