Tech Company Financing Transactions
TRAXyL Funding Round
On 10/13/2022, TRAXyL secured $5 million in Seed funding from Draper Associates, 1862 Capital and Alumni Ventures.
Transaction Overview
Company Name
Announced On
10/13/2022
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Seed
Investors
Draper Associates (Lead Investor) (Tim Draper)
Proceeds Purpose
TRAXyL expects to use the net proceeds of its financing to further develop its minimally disruptive fiber-optic installation technology, manufacture additional installation equipment to meet customer demand, and grow its team.
Company Information
Company Status
Private & Independent
Industry
Telecom
Mailing Address
7669 Limestone Dr 115
Gainesville, VA 20155
USA
Gainesville, VA 20155
USA
Phone
Website
Email Address
Overview
At TRAXyL, we're driven to help connect the unconnected. We believe everyone should have access to high-speed Internet. No matter where you live or do business, whether in a rural community, hard-to-reach area, or city, we want to get you connected. Early on, we asked ourselves if this was possible. And we said yes. We worked hard to make it a reality. Our proprietary Minimally Disruptive Installation (MDI) technology is disrupting the entire installation industry, all to help make our vision of bringing broadband to everyone a reality.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Daniel Turner
Chief Operating Officer
Stephen Carter
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