$500,000 were successfully placed by Tracelink, Inc. with one investor as part of a $1,500,000 debt fundraising effort initiated this month. The company expects to raise an additional $1 million to close the offering within a year. This is the second known offering initiated by the company on the US private placement market. It previously raised an estimated $3.8 million from twelve investors. The company is backed since 2009 by Firstmark Capital, an early stage firm based in New York.
TraceLink protects patients, enables health, grows profits and ensures compliance for companies across the global Life Sciences network through the TraceLink Life Sciences Cloud application (app). The app platform enables global connectivity, visibility and traceability of pharmaceuticals from raw materials to patient. A single point and click connection to the Life Sciences Cloud delivers the information, insight and collaboration needed by pharmaceutical companies to improve performance and reduce risk across global supply, manufacturing and distribution operations.
The company is headquartered in Wakefield MA. TraceLink was founded in 2009 following the acquisition and merger of SupplyScape a company founded by Shabbir Dahod TaceLink’s current CEO. The management team includes Mike Mozzer (CFO), Peter Spellman (Product and Cloud Engineering), Lucy Deus (Product Management), Bob Sturim (Engineering), Brian Daleiden (Marketing), John Kordash (Cloud and CIO) and Dan Walles (Network Development).
The board of directors includes Lawrence Lenihan and Jack Cooper
Status: First close
Company: Tracelink, Inc.
Industry: Other Technology
Amount offered: $1,500,000
Amount placed: $500,000