9 February 2023, Irvine, California — Ecotrak, the industry’s top platform for intelligent facility and asset management, announced the closing of its most recent bridge round of financing. This money will be utilized to speed up Ecotrak’s ambitious growth strategies for product development and innovation. Rellevant Partners contributed investments to the round, which Gala Capital Partners headed.
Ecotrak’s SaaS solution allows multi-location companies to manage work orders, assets, and service providers while automating repairs and maintenance. By intelligently preventing equipment breakdowns, Ecotrak’s unique data-driven software keeps businesses operating profitably. Technology is transforming the restaurant sector by decreasing equipment downtime, boosting productivity, and saving restaurants money on repairs and maintenance so they can concentrate on the customer experience.
CEO Matt Singer said, “This investment round moves us into the next chapter of Ecotrak, and we are thrilled to work with these important investors.” “With a staff with significant expertise fostering high-growth restaurant ideas and technology, we are in wonderful company.”
The restaurant, restaurant technology, and food & beverage businesses get growth equity from Rellevant Partners, a private equity firm with a lower middle-market concentration. Janice Meyer and Jessica Kates launched Rellevant in 2019, headquartered in New York.
Regarding labor shortages, supply chain issues, construction lead times, and rising operating costs, Janice Meyer, Co-Founder and Managing Partner at Rellevant Partners, states, “Ecotrak’s intelligent facility management solution is helping restaurants reduce uncertainty and plan for the unknown with rich business intelligence data.”
Following considerable expansion in 2022, when Ecotrak added over 10,000 sites and over 13,000 service providers to its network, the investment came soon after. Ecotrak is lowering the downtime of crucial equipment and developing a system so intelligent that nothing ever fails by putting assets first and utilizing automation, predictive analytics, and automation.
The leading SaaS platform for facilities management, Ecotrak, is reinventing facilities by prioritizing assets, prioritizing mobile technologies, and putting data first. Ecotrak, a company established in 2018 with headquarters in Irvine, California, aims to provide organizations with information that can be used to improve business choices. Customers, including Inspire Brands, Flynn Restaurant Group, Texas Roadhouse, and Dutch Bros, use the platform to boost productivity while saving thousands each month on repairs and maintenance.
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