Traceall Global, a Glasgow, UK-based data management solutions provider, raised £2m in financing.
Backers included Maven Capital Partners and the Scottish Loan Fund (£1.5m loan)
The company intends to use the funds to add to its existing business development and technical teams.
Led by Alan Steele, Managing Director, Traceall Global specializes in the tracking, traceability and monitoring of equipment and assets within the food and beverage sector. Its Supplier and Product Information Management software system allows clients to trace, track and monitor real time data on variables such as location, temperature, product quality and equipment performance from across the globe.
The technology is currently being utilized by a number of clients, including Coca Cola Enterprises, Jamie Oliver Group and BT Global Services.