Tracxn, a prominent market research and data platform, has successfully raised $100.0M in its latest funding round. This significant capital infusion is set to bolster the company's mission to provide comprehensive market intelligence to a global clientele.
Founded in 2013 by ex-Venture Capitalists, Tracxn has established itself as a leading platform for tracking companies worldwide. It monitors over 5 million entities through more than 3,000 categorized feeds spanning industries, sectors, sub-sectors, geographies, affiliations, and networks. The platform's strength lies in its unique blend of human analysts and technology, which meticulously scans billions of data points to build highly relevant data intelligence.
Tracxn's extensive clientele includes Venture Capital and Private Equity funds, M&A and innovation teams within Fortune 500 companies, and Investment Banks. These organizations rely on Tracxn's data for critical functions such as daily deal sourcing, identifying M&A targets, conducting deal diligence, and tracking emerging themes across various industries and markets. The platform is also utilized by governments, accelerators, incubators, and universities for monitoring innovative companies and sectors. With over 1000 customer accounts across 30+ geographies and existing backing from investors like Accel Partners and Sequoia, this funding round highlights Tracxn's proven track record and market relevance.
The newly secured capital will be strategically deployed to accelerate Tracxn's growth initiatives, expand its global tracking capabilities, and further enhance its proprietary data intelligence platform. This investment is anticipated to support the company's strategic objectives to deepen its market penetration, innovate its offerings, and continue its trajectory as a pivotal provider of comprehensive market intelligence for the investment and corporate ecosystem.
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