# LeT Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/let-systems

- Industry: Software
- Headquarters: Cork, Ireland
- Website: www.letsys.com
- Total disclosed funding: $8.9M
- Latest round: Series B (May 16, 2002)
- Investors on record: 3

## About

LeT Systems specializes in asset lifecycle management solutions that enhance operational efficiency for various industries, including government and private sectors, through advanced data visibility and project delivery tools.Founded in 1992 in Cork, Ireland, LeT Systems provides asset lifecycle management solutions aimed at optimizing productivity. The company was acquired by Trimble in March 2010. LeT Systems has been involved in 2 deals, with its most recent funding round being Series B, raising EUR 9.00 mn led by Trinity Ventures, along with investors Global Asset Capital and Next47. The total amount raised by the company stands at EUR 9.00 mn.LeT Systems delivers a comprehensive suite of asset lifecycle management (ALM) solutions designed for both public and private sectors. Their core offerings include products that enhance project delivery and operational efficiency, integrating GIS workflows. Their technology supports various applications, including infrastructure management and facility support for diverse clients worldwide.For the year 2021, LeT Systems reported a revenue of EUR 3,026,681.80, with an EBITDA of EUR -257,752.90.Looking ahead, LeT Systems aims to launch new products tailored for enhanced asset management solutions. The company targets expansion into specific markets in Europe and Asia by 2025. Recent funding will support these initiatives, particularly in technology development and market entry strategies.

## Funding rounds

- Series B, May 16, 2002, $8.9M — Global Asset Capital, N47, Trinity Ventures

## Investors

- Global Asset Capital (https://capitalatlas.ai/funds/global-asset-capital) — Series B
- N47 (https://capitalatlas.ai/funds/n47) — Series B
- Trinity Ventures (https://capitalatlas.ai/funds/trinity-ventures) — Series B