One of the business plans that spun out of the Technology Management Program's 2009 Annual New Venture Competition, TrackR, recently secured a $50M Series B round funding. Among the participating investors were the Foundry Group, Amazon Alexa Fund, DoCoMo Capital, The Glenmede Trust and Bespoke Strategies. Founded in 2009, the company creates small wireless tracking gadgets that track where things are via mobile devices and remote servers.
Chris Herbert, CEO and co-founder says that the company’s community features, like the TrackR Crowd Locate network, will be expanded. “With this round of funding, we will redefine personal organization by ensuring nothing is ever lost for millions of consumers while continuing to maintain our leadership position in the intelligent tracking space,” he said.
By Mike Butcher, TechCrunch
Wednesday, August 2, 2017