Montreal's TrackTik Raises $1 Million Round Led by Klass Capital

Posted by Techvibes NewsDesk

Klass Capital announced today an investment in TrackTik.

TrackTik, an integrated guard management solution provider, raised $1 million in financing. Most of the money came from Klass, but also participating in the round was Jordan Banks, Managing Director of Facebook Canada; Craig Campbell, former CEO of Total Security Management (which he sold to Garda in 2013); and Adrian Schauer, former founder of Vortex Connect (which he sold in 2012).

Klass says it plans to make a more substantial investment in the Montreal-based startup, which provides compliance, tracking, and scheduling solutions for the security guard industry, in the future as the company continues to scale its sales and build its team.

“We are excited to make our first investment in Quebec,” said Daniel Klass, president of Klass Capital. “This is an appealing opportunity to partner with an exceptional entrepreneur, who has very quickly gained traction in the security industry.”

“This investment will allow us to fully execute our growth strategy and thereby position TrackTik as the industry leader," added Simon Ferragne, founder of TrackTik.

Company:
Klass Capital
Website:
http://www.klasscapital.com
Location:
Toronto, Ontario, Canada

We are a Growth Equity firm established to provide expansion stage capital to high growth enterprise software businesses. We are backed by a $50 billion dollar pension plan and a number of institutional investors and high net worth entrepreneurs. We target investing between $2mm and $20mm of equity in growth oriented technology companies that have achieved over $500,000 in sales. We move quickly, have a... more

Company:
TrackTik - Guard Management System
Website:
http://tracktik.com
Location:
Boisbriand, Québec, Canada

TrackTik is an integrated physical security management system designed to manage your guards and improve your security operation efficiency. It's features include Checkpoint Tour, Real-time Dashboard, Incident Reporting , GPS Tracking, Real-time Alerts, Guard Scheduling... Discover the future of guard management! more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more




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