# Outracks Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/outracks-technologies

- Industry: Software
- Headquarters: Oslo, Norway
- Website: www.outracks.com
- Total disclosed funding: $0.5M
- Latest round: Seed (Nov 16, 2012)
- Investors on record: 1

## About

Outracks Technologies specializes in digital product development, offering a comprehensive platform that enables businesses to create tailored applications efficiently and effectively across multiple industries.Outracks Technologies, founded in 2011 and headquartered in Oslo, Norway, develops innovative digital solutions. The company has raised a total amount of USD 3.5 mn through 3 funding deals, with the most recent deal occurring on June 12, 2014, backed by Alliance Venture and Northzone Ventures. Anders Lassen serves as the CEO of the company.Outracks Technologies operates within the digital product development space, providing a suite of services centered around the Fuse Platform. This platform allows businesses to create customized applications that utilize shared code and components for rapid development. Outracks focuses on delivering full-stack digital products that cater to a diverse clientele, including startups and enterprises across sectors such as maritime and travel. Their notable applications enhance e-travel experiences and mobile services, with a strong presence in European markets.Outracks Technologies employs a subscription-based revenue model, delivering continuous updates and enhancements to its applications and services. This approach enables clients to partner with Outracks, leveraging its expertise while minimizing the risks associated with traditional software development. Clients gain access to various customizable applications built on the Fuse Platform, establishing a recurring revenue stream that supports high-quality digital solutions.In light of the recent funding raised on June 12, 2014, amounting to USD 3.5 mn, Outracks Technologies plans to launch new products designed to enhance user experience in digital applications. The company is also targeting expansion into new geographic regions, specifically aiming to strengthen its market presence in additional European countries by the end of 2025. This funding will support these initiatives, enabling Outracks to innovate and grow its market footprint.

## Funding rounds

- Seed, Nov 16, 2012, $0.5M — Springfondet

## Investors

- Springfondet (https://capitalatlas.ai/funds/springfondet) — Seed