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INDUSTRY FIRST

Tracer Closes $18.1M Oversubscribed Series A Funding, Names John Sheehy To Board

Aug 10, 2023about 2 years ago

Amount Raised

$18.1 Million

Round Type

series a

New YorkBig DataEnterprise SoftwareSaasSoftwareAnalyticsData CenterData Mining

Investors

Arbour Way InvestorsS4 S VenturesBdmiProgress VenturesAlex RodriguezMarc LoreGary VaynerchukJoins Progress VenturesNew Road Capital Partners

Description

Tracer, the leading data intelligence platform, announced today the completion of an oversubscribed Series A fundraise co-led by NewRoad Capital Partners, Progress Ventures, and BDMI, part of Bertelsmann's corporate venture arm Bertelsmann Investments. S4S Ventures and Arbour Way Investors also participated in the series. The close of the round was accompanied by the addition of John Sheehy, Operating Partner at NewRoad Capital Partners, to its Board of Directors.

Company Information

Company

Tracer Labs

Location

10 HUDSON YARDS

New York, New York, United States

About

Tracer is a data intelligence platform that revolutionizes modern data stack management by eliminating technical complexity. Tracer empowers global brands, data partners and agencies to make strategic decisions by seamlessly consolidating data sources and enriching it with business insights. By leveraging its comprehensive and flexible suite of technologies, Tracer provides unparalleled transparency into business performance and delivers a centralized source of truth.

FundzWatch™ Score

66
Medium Activity

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech