Ecotrak Announces Latest Funding Round
Summary
The round was led by Gala Capital Partners and included investments from Rellevant Partners.Ecotraks SaaS offering enables multi-location businesses to automate repairs and maintenance, manage work orders, assets, and service providers. Ecotraks differentiated data-driven software aggregates data to intelligently prevent equipment failures, keeping businesses efficiently running. Current investments include Altametrics, Lunchbox, Plate IQ, Perfect Software, Cut & Dry, Simple 123, Rusty Taco, Dunn Brothers Coffee, Cicis Pizza, and MOOYAH Burgers, Fries & Shakes.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. "Between labor shortages, supply chain issues, construction lead times and increasing operating costs, Ecotraks intelligent facility management solution is helping restaurants reduce uncertainty and plan for the unknown with rich business intelligence data," said Janice Meyer, Co-Founder and Managing Partner at Rellevant Partners. Customers such as Inspire Brands, Flynn Restaurant Group, Texas Roadhouse and Dutch Bros save thousands per month on repairs & maintenance and increase efficiency using the platform.