About Trak Global Group
Trak Global Group is a Financial Services company based in Crewe (United Kingdom) founded in 2009. Data and monitoring solutions for auto insurance are provided. It operates in the Financial Services and Transportation, Automotive & Logistics sectors. Trak Global Group has raised $50 million across 1 funding round from investors including Three Hills Capital Partners. The company has 129 employees. 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. Its focus areas include FinTech, Insurance IT, Data and Monitoring Solutions and Usage-based. Its legal entity is TRAK (GLOBAL SOLUTIONS) LIMITED. Its competitors include Cuvva, Zego and Marshmallow; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Crewe, United Kingdom
- Employees 129
- SectorsFinancial ServicesTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website trakglobalgroup.com
- Social LinkedIn X
- Legal Name Trak (Global Solutions) Limited
- Date of Incorporation 25 Jun, 2009
- Jurisdiction CREWE, CHESHIRE
- Annual Revenue$26.96 M (USD)16as on Jun 30, 2018
- Net Profit-$5.55 M (USD)-3360as on Jun 30, 2021
- Total Equity Funding$50M (USD)
in 1 rounds
- Latest Funding Round$50M (USD), Series B
Aug 2019
- Investors
- Employee Count129
- Investments & Acquisitions
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.
- Total Funding $50M
- Total Rounds 1
- Last Round Series B — $50M
- First Round $50M
(Aug 2019)
- Investors Count 1
All 1 funding rounds of Trak Global Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2019 | $50M | Series B | – | Three Hills Capital Partners | – |
1 investors in total: 1 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| thcp.eu |
Investor details for Trak Global Group
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Telematics solutions for insurance and connected car services are provided. | intellimec.com | Waterloo, Canada | 1999 | Dec 2018 | •••• |
Complete acquisition details for Trak Global Group
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Trak Global Group
3 dated milestones of Trak Global Group across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Trak Global Group is founded.
- Acquisition Acquires Intelligent Mechatronic Systems.
- Funding First funding round of $50.0M.
Competitors of Trak Global Group
Trak Global Group has 3 listed competitors in our database, 3 of them funded. They include Cuvva, Zego and Marshmallow.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cuvva.com | 2014 | London, United Kingdom | $27.19M | 198 | Online usage-based car insurance solutions | |
| zego.com | 2016 | London, United Kingdom | $309.7M | Motor insurance is provided for personal and work driving. | ||
| marshmallow.com | 2017 | London, United Kingdom | $161.3M | 310 | Auto insurance is delivered via app to individual drivers. |
Detailed competitors of Trak Global Group
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Trak Global Group
Complete news archive for Trak Global Group
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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. The company's 1st funding round was a Series B of $50M, raised on Aug 2019.
Trak Global Group has 129 employees.
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 Marshmallow, Cuvva and Zego.
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.
Trak Global Group operates through Trak (Global Solutions) Limited.