Ecotrak, a startup specializing in intelligent facility management, today announced the completion of a $30 million funding round led by Respida Capital, with additional support from Carver Road Capital and Gala Capital Partners.
This new investment follows a year of record growth for Ecotrak, positioning the company to enhance its product development and expand its market reach further.
Ecotrak's growth stems from its exceptional ability to provide valuable insights into enterprise facilities and assets, delivering significant ROI for major customers such as Inspire Brands, Flynn Group, Dutch Bros Coffee, and Dave & Buster's.
The platform streamlines facility management using modern web and mobile applications tailored for multi-site owners and operators in various sectors such as restaurants, convenience stores, and grocery stores.
By merging asset-specific data with automation and predictive analytics, and connecting with an extensive network of service providers, Ecotrak enables a more efficient workflow that minimizes equipment downtime and maximizes warranty claims.
"We are excited to partner with experienced operators and technology investors who can help accelerate our growth strategy," expressed Matt Singer, CEO of Ecotrak. "As pioneers of enterprise asset management, we drive operational scale for our customers and deliver tangible bottom-line impact through analytics and work automation. This investment allows us to further capitalize on these opportunities and solidify our market position."
James Zubok, Founder and Managing Member of Respida Capital, added,
"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."
Sean Christie, co-founder and CEO of Carver Road Capital, emphasized the practical benefits of Ecotrak's technology, noting,
"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."
Conclusion
Ecotrak, founded in 2018 and headquartered in Irvine, California, is transforming how multi-site businesses manage facilities by integrating AI-enabled software with a comprehensive network of service providers.
The company’s innovative platform empowers businesses to automate repair and maintenance workflows, making operations more efficient while reducing costs and risks associated with facilities management.
