Tech Company Financing Transactions
Trace Funding Round
On 4/12/2022, Trace raised $47 million in Series C investment from Pelion Venture Partners, Lakestar and NextGen Venture Partners.
Transaction Overview
Company Name
Announced On
4/12/2022
Transaction Type
Venture Equity
Amount
$47,000,000
Round
Series C
Investors
Proceeds Purpose
Trace plans to use the funds to continue product innovation and plans to expand availability to even more sports in 2022. In addition, Trace will use the funds to add to its world-class team, adding over one hundred positions by year-end.
Company Information
Company Status
Private & Independent
Industry
Mobile
Mailing Address
214 7th St.
Huntington Beach, CA 92648
USA
Huntington Beach, CA 92648
USA
Phone
Website
Email Address
Not Recorded
Overview
Trace is a small, waterproof GPS + sensors device that attaches directly to your surfboard, skis, snowboard and tracks detailed stats about your activity. Trace syncs with your iPhone, Android, or computer where you can check your stats and compare against others.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Anatole Lokshin
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About Our Venture Capital Transactions Database
We report on tech company VC transactions. VC investment data records on this site are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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