UK-based Thingtrax, an IoT SaaS-based manufacturing performance platform that enables manufacturers to increase operational efficiency and reduce costs, announced on Thursday that it has secured £4.3M (approximately €4.95M) in a pre-Series A round of funding.
The investment was co-led by Concentric, Superseed and Puma Private Equity.
The round also saw participation from Haatch, Portfolio Ventures, Vinci Venture Capital, and several well-known angel investors, including super angel Charlie Songhurst.
Fred Soneya, co-founder & Partner at Haatch, says, “We are thrilled to be backing Thingtrax at this exciting time alongside SuperSeed and other investors. We were impressed by not only the team but also the performance platform.”