About Trax Technologies
Trax Technologies is a company based in Scottsdale (United States) founded in 1993 was acquired by Strattam Capital in February 2015.. Trax Technologies has raised $20 million across 5 funding rounds from investors including Capital Southwest, TBK Bank and TriumphPay. Trax Technologies offers products and services including Global Freight Audit, Freight Data Management, and Managed Services. Trax Technologies operates in a competitive market with competitors including ShipSigma, ControlPay, Bold Parcel, Your Refunds and AuditPass, among others.
- Headquarter Scottsdale, United States
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Sectors
Transportation, Automotive & LogisticsTechnology
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20 M (USD)
in 5 rounds
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Latest Funding Round
$9.7 M (USD), Debt – Conventional
Jun 23, 2023
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Investors
Capital Southwest
& 6 more
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Employee Count
Employee Count
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Acquired by
Strattam Capital
(Feb 26, 2015)
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Products & Services of Trax Technologies
Trax Technologies offers a comprehensive portfolio of products and services, including Global Freight Audit, Freight Data Management, and Managed Services. 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-powered tool for cost savings and compliance in freight operations
Centralizes and normalizes supply chain data for actionable insights
Optimizes carrier relationships and ensures data quality compliance
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Funding Insights of Trax Technologies
Trax Technologies has successfully raised a total of $20M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $9.7 million completed in June 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 5
- Last Round Debt – Conventional — $9.7M
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First Round
First Round
(20 Dec 2012)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Debt – Conventional - Trax Technologies | Valuation |
investors |
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| Aug, 2021 | Amount | Debt – Conventional - Trax Technologies | Valuation |
investors |
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| Mar, 2014 | Amount | Series B - Trax Technologies | Valuation |
investors |
| 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 Trax Technologies
Trax Technologies has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Capital Southwest, TBK Bank and TriumphPay. 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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Investments are focused on mid-market software and technology-enabled services firms.
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Founded Year | Domain | Location | |
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Equity investments are directed toward media, communication, and education sectors.
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Founded Year | Domain | Location | |
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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 Trax Technologies
| 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 - Trax Technologies
| 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 |
Trax Technologies Comparisons
Competitors of Trax Technologies
Trax Technologies 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 ShipSigma, ControlPay, Bold Parcel, Your Refunds and AuditPass, 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 |
AI and web-based solutions for shipping invoice auditing are provided.
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| domain | founded_year | HQ Location |
Freight audit and payment solutions are provided for global logistics.
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| domain | founded_year | HQ Location |
Specializes in shipment auditing and carrier agreement negotiations for businesses.
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| domain | founded_year | HQ Location |
Delivers web-based platforms for comprehensive shipment auditing and management.
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| domain | founded_year | HQ Location |
Software platform for remote audit management, data capture, and compliance tracking.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Trax Technologies
Frequently Asked Questions about Trax Technologies
When was Trax Technologies founded?
Trax Technologies was founded in 1993 and raised its 1st funding round 19 years after it was founded.
Where is Trax Technologies located?
Trax Technologies is headquartered in Scottsdale, United States. It is registered at Scottsdale, Arizona, United States.
Is Trax Technologies a funded company?
Trax Technologies is a funded company, having raised a total of $20M across 5 funding rounds to date.
What does Trax Technologies do?
Trax Technologies was founded in 1993 in Scottsdale, United States, and operates in the logistics data sector. Incomplete or inaccurate transaction data is identified and corrected at its source for buyers and sellers of logistics services. A cloud platform is offered to ensure data reliability, along with predictive analytics derived from over one billion transactions across industries, modes, and countries. Operations are supported worldwide to optimize business processes.
Who are the top competitors of Trax Technologies?
Trax Technologies's top competitors include ShipSigma, ControlPay and Bold Parcel.
What products or services does Trax Technologies offer?
Trax Technologies offers Global Freight Audit, Freight Data Management, and Managed Services.
Who are Trax Technologies's investors?
Trax Technologies has 7 investors. Key investors include Capital Southwest, TBK Bank, TriumphPay, Accel-KKR, and Spire Capital.
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