Paris, November 12th 2024,
Raisers Partners advises TEEPTRAK on its €5 Million cross-border Series A to accelerate global expansion
TEEPTRAK, European leader in industrial performance monitoring and a pioneer in connectivity and data analytics for production equipment, has announced a €5 million funding. This financing is led by Shift Invest, an impact-driven European fund based in the Netherlands, with the participation of international consulting firm SIA Partners, along with its longstanding investors, XAnge and EDF.
With over 120 industrial clients across 30 countries, representing nearly 2,500 connected equipment, TEEPTRAK has established itself as a leader in industrial performance monitoring. Its multilingual platform, available in 20 languages, provides manufacturers with real-time access to valuable performance data, enabling agile and informed decision-making.
TEEPTRAK’s solutions address four key dimensions of production:
- Machine Performance: Real-time monitoring of all types of machines to maximize efficiency.
- Operator Pace: Measurement and tracking of repetitive tasks to enhance team productivity.
- Quality: Elimination of paper-based processes and manual entries through digital solutions for enhanced quality control.
- Process Monitoring: Collection of physical data, such as energy consumption and vibrations, through standard sensors. These advanced solutions use the latest connectivity technologies to collect and centralize performance data on a multilingual platform accessible in real-time.
In addition, TEEPTRAK offers an independent Machine Learning platform that utilizes advanced AI algorithms, enhancing the value of data collected through its solutions as well as specific client data. This AI platform provides manufacturers with customized analytics and predictive capabilities, maximizing operational efficiency and continuously optimizing production processes.
This funding will enable TEEPTRAK to strengthen its presence in the American and Asian markets, particularly in the United States and China, responding to growing demand for its industrial performance monitoring and optimization solutions. By the end of the year, TEEPTRAK will open an office in Chicago and expand its subsidiary in Shenzhen, aiming to recruit around a hundred employees over the next three years. This momentum enables the company to meet the growing needs for digitalization, performance, and sustainability within the manufacturing sector.
Francois Coulloudon, CEO
Raisers Partners was instrumental to prepare and operate the fundraising with me and my team. I dedicated the time saved to carry on developing my business and answering customers' requests. Meanwhile, they brought around the table Shift Invest from abroad and SIA Partners CVC that eventually made the round!
Alexandre Lacroix, Raisers Partners
TEEPTRAK’s provides manufacturers with exactly the right amount of technology applicable to their everyday operations. This pragmatic approach, coupled with an integrated value chain (from data hosting, hardware design up to the software layer) is key to help industrial companies of all sectors produce more efficiently. It has been a pleasure to advise TEEPTRAK for its funding round
Deal Factsheet
Amount: €5m
Type: Equity fundraising
Investors: Shift Invest (the Netherlands), SIA Partners (CVC), Xange, EDF
Exclusive financial advisor: Raisers Partners (Alexandre Lacroix, Nicolas Bailly & Augustin de Cambourg)
Company Lawyer: Dumon partners (Marie Laure Pouplard)
Investors Lawyers: Orsan (Clara Paetzold, David Sebban)
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