# EnerTrac

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/enertrac

- Industry: Electronics
- Headquarters: Blair, US
- Website: www.enertrac.com
- Total disclosed funding: $4M
- Latest round: Series A (Jul 18, 2013)
- Investors on record: 3

## About

EnerTrac, Inc. delivers cutting-edge technology solutions for the logistics of the energy sector, focusing on enhancing operational efficiency and data management in tank monitoring systems for energy distributors.EnerTrac, Inc. was founded in 2009 and is headquartered in Blair, US. The company specializes in technology solutions for the energy distribution industry. In November 2014, EnerTrac underwent restructuring and was later acquired by Independent Technologies, Inc. on December 11, 2017. To date, the company has secured a total of USD 4.00 mn in funding across 6 deals, with the latest round being Venture Debt amounting to USD 0.98 mn.EnerTrac, Inc. provides technology solutions tailored for the energy distribution industry. Their flagship offering is a cloud-based platform designed to optimize operational efficiency for energy distributors. This platform includes features such as customizable reporting, historical data analysis, forecasting, route mapping, and scheduling tools, aimed at maximizing margins and minimizing service trips. EnerTrac also offers mobile applications for tank monitoring on iOS and Android, allowing customers to track tank levels, receive alerts, and arrange deliveries directly from their devices. The company primarily serves energy distributors across North America and Europe, assisting them with precise inventory management and alert systems.EnerTrac generates revenue through a subscription model, providing access to its cloud platform and services for energy distributors. Clients enter into agreements for EnerTrac’s platform, which offers various service tiers based on features and customization. The revenue structure may include direct billing for subscriptions, alongside additional income from the tank monitoring applications, fortifying EnerTrac's role as a key partner for energy distributors.EnerTrac plans to launch new products that enhance its existing platform, with specific details pending. The company is targeting expansion into new geographic markets, particularly within North America and Europe, aiming to increase its market reach by 2025. The recent funding acquired through the Venture Debt round will be utilized to support these growth initiatives, enhancing product development and market penetration efforts.

## Funding rounds

- Series A, Jul 18, 2013 — Activate Venture Partners, City Light Capital, Harbor Light Capital Partners
- Series A, Aug 1, 2011, $4M — Activate Venture Partners, City Light Capital, Harbor Light Capital Partners

## Investors

- Activate Venture Partners (https://capitalatlas.ai/funds/activate-venture-partners) — Series A
- City Light Capital (https://capitalatlas.ai/funds/city-light-capital) — Series A
- Harbor Light Capital Partners (https://capitalatlas.ai/funds/harbor-light-capital-partners) — Series A