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TraceAir: Raises $3.5M in Series A Funding

January 21, 2021

TraceAir, a Redwood City, Calif.-based construction site development acceleration platform, completed a $3.5M Series A funding round
The round, which brings the total capital raised to $7M, led by XTX Ventures, joined by Liquid 2 Ventures, GEM Capital, GPS Ventures, and Andrew Filev (CEO Wrike)
The company also intends to use the new capital to grow marketing & sales and to accelerate the development of new product features
TraceAir also provides a collaborative platform that allows users to identify and solve problems, reducing delays, and accelerating decision making
Tools like Haul Road automatically find the most efficient route to move dirt and materials, saving in equipment and fuel expenses
The company is currently working with seven of the top twenty-five homebuilders in the US