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TransTRACK raised $12 million in a Series A funding round co-led by Eurazeo and Cocoon Capital to enhance its fleet operations solutions across Southeast Asia.

PRIVATEAug 30, 2024•over 1 year ago

Amount Raised

$12 Million

Round Type

series a

JakartaInformation TechnologyAutomotiveFleet Management

Investors

App WorksBintang DelapanIfp SecuritiesCocoon CapitalEurazeo

Description

TransTRACK, a Southeast Asian startup focused on transforming fleet operations with digital solutions, has secured $12 million in a Series A funding round. The investment will help accelerate its expansion into key markets including Indonesia, Singapore, and Malaysia.

Company Information

Company

TransTRACK

Location

Jakarta, DKI Jakarta, Indonesia

About

TransTRACK is a technology startup company that provides end-to-end solutions for the logistics and transportation industry. It aims to become the number one fleet operation optimizer and supply chain integrator in the industry to help businesses optimize their operations by reducing costs, improving efficiency, maximizing productivity, and enhancing business sustainability. TransTRACK offers solutions to companies to increase fleet productivity and utilization by 40%, as well as reduce overtime, fuel and labor costs, total distance traveled, and idle time by 30% by digitizing their fleet operations.

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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

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies.

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