Ecotrak, a leading intelligent facility management platform, announced the closing of a $30 million funding round. Respida Capital led the round, which included participation from Carver Road Capital and existing investor Gala Capital Partners.
This funding round follows another record-breaking year for Ecotrak and will further accelerate the company’s product development and go-to-market efforts. Ecotrak saw major growth, driven by its ability to provide insight into enterprise facilities and assets, which generates significant return-on-investment for customers like Inspire Brands, Flynn Group, Dutch Bros Coffee, and Dave & Buster’s.
Ecotrak simplifies facilities management for multi-site owners and operators of restaurants, convenience stores, grocery stores, and several other businesses. The company’s platform combines asset-specific data at a granular level, automation, and predictive analytics with an extensive network of service providers. The result is a modern workflow that reduces equipment downtime and maximizes warranty claims.
KEY QUOTES:
“We are excited to partner with experienced operators and technology investors who can help accelerate our growth strategy. As pioneers of enterprise asset management, Ecotrak drives operational scale for our customers and delivers tangible bottom-line impact through analytics and work automation. This investment allows us to further capitalize on these opportunities and solidify our market position.”
– Matt Singer, CEO
“We’re thrilled to be part of this exciting journey with Ecotrak. Their innovative approach in the rapidly growing facilities management market, integrating enterprise asset management with AI-powered analytics, creates a compelling formula for success.”
– James Zubok, Founder and Managing Member of Respida Capital
“With our experience operating premier hospitality destinations, we understand the critical importance of having detailed asset information readily accessible. Combining this information with connections to service providers is critical to efficient facilities management and ensuring unparalleled guest experiences.”
– Sean Christie, co-founder and CEO of Carver Road Capital
