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TracPlus announces NZ$5m investment

29 May 2020

TracPlus has successfully closed a significant funding round with New Zealand’s most experienced technology investment firm, Movac, investing NZ$5m. TracPlus offers real-time tracking, communication and integrated solutions for those in the critical services sectors, including First Responders, Firefighting, Utilities, Military and Aviation sectors.

Founded in 2007 and based in Dunedin, TracPlus’ global client base includes the likes of CalFire, San Diego Gas & Electric, National Aerial Firefighting Centre (NAFC Australia), Ministry of Agriculture (CONAF, Chile) Erikson, and Christchurch Helicopters.

As part of the transaction, TracPlus will acquire Cambridge-based technology business v2track Limited. v2track Limited provides TracPlus not only with tracking devices and a rich pipeline, it additionally furthers the footprint globally with a strong distributor network with market presence in Africa and Europe.

About Movac:

Movac is New Zealand’s largest and most experienced technology investment fund manager. Movac provides growth funding across multiple investment rounds and supports companies with mentoring, advice, and access to international networks. Founded in 1998, Movac has invested in more than 25 companies, and over that time, significant returns have been generated for investors with notable results achieved with Trade Me, eBus, GreenButton, and Givealittle. Current portfolio companies include Aroa Biosurgery, Author-it, Vend, Parking Sense, Unleashed Software, Timely, Coretex, Mobi2Go and Revolution Fibres.

About TracPlus:

TracPlus are at the forefront of platform product development with a whole-of-market offering, and are in turn, swiftly becoming the preferred partner in the tracking and communications industry. Established in Dunedin in 2007, TracPlus offers real-time tracking, communication and integrated solutions for those in the critical services sectors, including First Responders, Firefighting, Utilities, Military and Aviation sectors. Over the last 13 years, TracPlus has grown to become a global business, with offices in New Zealand, Australia, the United States and Latin America.

About V2 Limited:

v2track Limited is a New Zealand based company working with clients around the globe to effectively track and communicate with aircraft, land vehicles/equipment and marine vessels. Established in Cambridge in 2007, v2track Limited has a history of providing not only groundbreaking and cost-effective cellular/satellite solutions to the market. They also provide customised and bespoke solutions for their clients. v2track has established a global presence with clients in the US, Canada, South America, Asia Pacific, Australia and New Zealand, Europe, Africa and the Middle East.

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