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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 supported by its longstanding investors, XAnge and EDF, along with a new lead investor, SHIFT Invest, an impact-driven European fund known for its strategic role in supporting innovative, sustainable projects. The round also benefits from an expertise and financial partnership with management consulting firm Sia Partners through its B2B startup investment vehicle.
This funding will allow 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, with the goal of hiring around 100 new employees over the next three years. The company also aims to expand its reach in Europe by opening offices in highly industrialized countries to provide local support to its clients.
Sustainable and High-Quality Solutions
TEEPTRAK is a trusted partner for manufacturers looking to improve their performance in a measurable way, often achieving productivity gains of 5-30%. With robust, sustainable solutions perfectly aligned with the reliability and performance demands of the manufacturing sector, TEEPTRAK provides companies with the tools to increase output, reduce costs, and maximize efficiency.
Designed and assembled in France, TEEPTRAK’s solutions feature components specifically designed to meet the requirements of industrial environments. With full control over the hardware, TEEPTRAK delivers cutting-edge technologies that enable manufacturers to monitor and optimize production in real-time, ensuring reliability and performance.
Innovative Technology Serving the Global Industry
With over 120 industrial clients in 30 countries and nearly 2,500 connected production lines or equipment, TEEPTRAK is a recognized leader in industrial performance monitoring. Its multilingual platform, available in 20 languages, gives manufacturers instant access to valuable performance data and enables continuous improvement through corrective actions.
Tangible results at every stage of production
TEEPTRAK’s solutions cover four essential areas to enhance industrial performance:
Machine performance: real-time monitoring of all types of machine to optimize output.
Operator rhythm: measurement and tracking of discrete, repetitive tasks to improve team efficiency.
Quality: eliminate paper and manual data entry with digital solutions for enhanced quality control.
Process monitoring: collection of physical data, such as energy consumption or vibrations, via standard sensors.
These advanced, easy-to-install solutions, thanks to rapid, non-invasive integration, allow TEEPTRAK’s solutions to adapt seamlessly to existing industrial environments, ensuring effective deployment and a quick return on investment with competitive pricing.
Additionally, TEEPTRAK offers a standalone Machine Learning platform that utilizes advanced AI algorithms to leverage data collected through its solutions, as well as customer-specific data independently. This AI platform provides manufacturers with tailored analysis and forecasting capabilities, maximizing operational efficiency and continuous process optimization. Two algorithms are available: anomaly detection and process optimization.
Growth and Innovation on a Global Scale
With this new funding, TEEPTRAK is positioned to become a global player in Industry 4.0, with rapid expansion planned in strategic regions and a continued commitment to innovation in service of industrial companies. This momentum enables TEEPTRAK to meet the growing demands for digitization, performance, and sustainability in the manufacturing sector.
“This is the first time that TEEPTRAK, which is now profitable and growing fast, has been given so many resources to promote its products and accelerate its development.
This is a real opportunity for the company, its employees, our customers and the environment. Shift Invest’s investment confirms the strong environmental impact of improving industrial performance on a large scale.
François Coulloudon, CEO
“Manufactured goods are essential to our daily lives, but their production can be energy and resource-intensive, with the industry accounting for around 37% of global energy consumption. Making this sector more efficient has a major positive environmental impact. That’s why TEEPTRAK perfectly aligns with our fund’s commitment to making the industrial sector more sustainable.”
Bart Budde, Investment Manager at SHIFT Invest
This fundraising round marks a turning point for TEEPTRAK, providing it with the resources to amplify its impact and continue revolutionizing the industrial sector. With this support, the company is ready to push innovation further and deliver ever more efficient and sustainable solutions to manufacturers.
For this funding round, TEEPTRAK worked with Raisers Partners, a fundraising advisory firm, whose support was instrumental in this success. A special thanks to Alexandre Lacroix for his invaluable contribution throughout the project.
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Find out more
About TEEPTRAK
TEEPTRAK is a European leader in industrial performance optimization, specializing in real-time monitoring of production equipment. Through its innovative solutions, the company enables manufacturers to maximize process efficiency. With a presence in numerous countries, TEEPTRAK supports clients in their digital and sustainable transition by providing connected solutions and advanced data analysis tailored to the specific needs of each company.
For more information, visit www.teeptrak.com
About SHIFT Invest
Founded in 2009, SHIFT Invest is a Dutch impact venture capital fund that invests in innovations related to food and agriculture, green industries, the circular economy, energy transition, and sustainable mobility and logistics. Investments aim to generate a positive environmental impact while achieving a financial return. Together with its partners, SHIFT offers entrepreneurs an extensive network and in-depth insight into various sectors. The fund is managed by New Balance Impact Investors, a team of experienced investment professionals and entrepreneurs. For more information, visit: www.shiftinvest.com
About XAnge
XAnge is an early-stage investment fund with €650 million under management, based in Paris and Berlin. Its investment team supports European entrepreneurs who aim to transform everyday life through technology, investing amounts ranging from €500,000 to €10 million starting at the seed stage. With an investment thesis focused on making technology accessible to the widest audience, XAnge invests in sectors such as deeptech, healthcare, fintech, SaaS, and e-commerce. XAnge has supported companies like Lydia (Finance), Welcome to the Jungle (Human Resources), Believe (Music), MrSpex (eCommerce), and Ledger (Cryptocurrency). XAnge is the innovation brand of the Siparex Group.
For more information, visit: www.xange.vc
About Sia Partners
Sia Partners is a next-generation management consulting firm. We offer a unique blend of AI and design capabilities, augmenting traditional consulting to deliver superior value to our clients. With 3,000+ consultants in 21 countries and expertise in more than 30 sectors and services, we optimize client projects worldwide. Through our Consulting for Good approach, we strive for next-level impact by developing innovative CSR solutions for our clients, making sustainability a lever for profitable transformation.We created Studio ou own investment vehicle with which we are investing into B2B tech startups and creating business synergies globally.
For more information, visit: www.sia-partners.com
About Raisers Partners
Raisers Partners is an advisory firm specializing in corporate fundraising, financing, and strategy. Raisers Partners supports TEEPTRAK in financing and structuring to ensure sustainable growth and international expansion.
For more information, visit www.raiserspartners.com
Press contact
TEEPTRAK:
Shaeena Marti, Chief Marketing Officer
Email: presse@teeptrak.com
Phone: 0640632673
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