Ecotrak, an Irvine, CA-based intelligent facility and asset management platform, announced its latest bridge round of funding.
The round was led by Gala Capital Partners and included investments from Rellevant Partners.
The funds will be used to accelerate Ecotrak's aggressive growth plans in product development and innovation.
"This round of funding propels us into the next phase of Ecotrak and we are proud to partner with these notable investors," said Matt Singer, CEO. "We are in fantastic company with a team that has deep experience fueling high-growth restaurant concepts and technology."
Ecotrak's SaaS offering enables multi-location businesses to automate repairs and maintenance and manage work orders, assets, and service providers. The company's differentiated data-driven software aggregates data to intelligently prevent equipment failures, keeping businesses efficiently running.
The investment comes on the heels of significant growth for Ecotrak in 2022, adding more than 10,000 locations and over 13,000 service providers to its platform.
Company: Ecotrak, LLC
Round: Bridge Round
Funding Month: February 2023
Lead Investors: Gala Capital Partners
Additional Investors: Rellevant Partners
Company Website: https://ecotrak.com/
Software Category: Facility Management Software
About the Company: Founded in 2018, Ecotrak is the premier Facilities Management SaaS platform - revolutionizing facilities using an asset-first methodology, mobile-first technology, and a data-first approach. Its mission is to empower businesses with actionable information to make better business decisions. Customers such as Inspire Brands, Flynn Restaurant Group, Texas Roadhouse, and Dutch Bros save thousands per month on repairs and maintenance and increase efficiency using the platform. The company is headquartered in Irvine, California.