Ecotrak Announces Latest Funding Round
New investment to reinforce technology and innovation
IRVINE, California., February 9, 2023 /PRNewswire/ — Ecotrak, the leading platform for intelligent facility and asset management, today announced its latest bridging funding round, which will serve to accelerate Ecotrak’s aggressive growth plans in product development and innovation. The round was led by Gala Capital Partners and included investments from Rellevant Partners.
Ecotrak’s SaaS offering enables multi-site businesses to automate repairs and maintenance, manage work orders, assets and service providers. Ecotrak’s differentiated data-driven software aggregates data to intelligently prevent equipment failures and keep businesses running efficiently. Technology is revolutionizing the restaurant industry by reducing equipment downtime, increasing productivity and saving restaurants money on repairs and maintenance so they can focus on the guest experience.
“This funding round propels us into the next phase of Ecotrak and we are proud to partner with these eminent investors,” he said Matt Singer, CEO. “We’re in fantastic company with a team that has extensive experience developing high-growth restaurant concepts and technology.”
Rellevant Partners is a lower middle market focused private equity firm providing growth capital to the restaurant, restaurant technology and food & beverage industries. Relevant was founded in 2019 by Janice Meyer And Jessica Kates and is based in new York.
Gala Capital Partners is a private investment firm based in Southern California founded by longtime restaurant operator, entrepreneur and investor, Anand Gala. The Company invests in or acquires real estate, software and emerging restaurant franchise brands. Current investments include Altametrics, Lunchbox, Plate IQ, Perfect Software, Cut & Dry, Simple 123, Rusty Taco, Dunn Brothers coffeeCicis Pizza and MOOYAH Burger, Fries & Shakes.
The investment follows significant growth of Ecotrak in 2022, which has expanded its platform to include more than 10,000 locations and over 13,000 service providers. Using Ecotrak’s asset-first philosophy combined with predictive analytics and automation, Ecotrak reduces downtime of critical equipment and creates a solution so intelligent nothing ever breaks.
“Between labor shortages, supply chain issues, construction lead times and rising operational costs, Ecotrak’s smart facility management solution helps restaurants reduce uncertainty and plan for the unknown with rich business intelligence data,” he said Janice MeyerCo-Founder and Managing Partner at Rellevant Partners.
“We’re thrilled to be working with Matt and the Ecotrak team to support their mission to simplify facilities management and empower businesses with actionable data to make better business decisions,” he said Jessica KatesCo-Founder and Managing Partner at Rellevant Partners.
To learn more about Ecotrak facility management software, visit www.ecotrak.com.
About Ecotrak
Ecotrak is the leading facility management SaaS platform revolutionizing facilities using an asset-first methodology, mobile-first technology and data-first approach. Founded in 2018 and headquartered in Irvine, California, Ecotrak’s mission is to empower businesses with actionable information to make better business decisions. Clients such as Inspire Brands, Flynn Restaurant Group, Texas Roadhouse and Dutch Bros are saving thousands per month on repairs and maintenance and increasing efficiencies by using the platform. Visit ecotrak.com for more information.
Ecotrak media contact
Shawna Moore
Marketing Manager
[email protected]
(310) 365-7634
View original content to download multimedia: https://www.prnewswire.com/news-releases/ecotrak-announces-latest-funding-round-301742220.html
SOURCE Ecotrak Facility Management Software