Tech Company Financing Transactions
SafeTraces Funding Round
SafeTraces secured a $6.5 million Series A funding round on 10/19/2017. Backers included Omidyar Network, City Light Capital and Maumee Ventures.
Transaction Overview
Company Name
Announced On
10/19/2017
Transaction Type
Venture Equity
Amount
$6,500,000
Round
Series A
Investors
Omidyar Network (Lead Investor) (Rob Veres)
UL Ventures (Simin Zhou)
Proceeds Purpose
The round brings SafeTraces' total investment since launching its revolutionary food safety technology to $8.5 million and will enable the company to aggressively expand its sales efforts as well as accelerate its product development.
Company Information
Company Status
Private & Independent
Industry
AgTech
Mailing Address
6111 Johnson Ct. 200
Pleasanton, CA 94588
USA
Pleasanton, CA 94588
USA
Phone
Undisclosed
Website
Email Address
Overview
SafeTraces' technology is patent-protected with four issued US patents, two pending US patents applications, and two pending international patent applications. SafeTracersTM are recognized as GRAS (Generally Regarded as Safe) by the FDA.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Anthony Zografos
VP - Bus. Development
Ulrike Hodges
VP - Manufacturing
Phillip Arnold
VP - Product Management
Laurie Clotilde
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We do our best to report on all VC transactions involving tech companies. All VC database entries reported here come from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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