# STRA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/stra-s-a

- Industry: Software
- Headquarters: Coimbra, Portugal
- Website: www.stratioautomotive.com
- Total disclosed funding: $15M
- Latest round: Series A (Nov 29, 2021)
- Investors on record: 4

## About

STRA, S.A. specializes in predictive fleet maintenance solutions, using artificial intelligence to foresee potential faults in vehicle components, thereby enhancing operational efficiency for fleet operators.Founded in 2015 in Coimbra, Portugal, STRA, S.A. provides advanced solutions for fleet maintenance. The company has raised a total of USD 12.00 mn through 2 funding deals, with the latest being a Series A round of funding on November 29, 2021, led by Forestay Capital and involving Crane Venture Partners. The company's CEO, Ricardo Margalho, is one of the founders, who has a history in the automotive technology sector.Stratio is a leading provider of predictive fleet maintenance solutions, leveraging artificial intelligence to anticipate faults in critical vehicle components. Their core offerings include remote diagnostics, predictive maintenance, and automated maintenance services tailored for trucks, buses, and coaches. These solutions enable fleet operators to eliminate unplanned downtime, reduce maintenance costs, and optimize vehicle performance. Stratio's technology is designed for traffic managers and fleet operators, providing essential data to improve operational efficiency and fuel consumption. The company serves a diverse clientele across various geographical markets, including Europe and North America, with clients ranging from transportation companies like Arriva Czech Republic and Ford Trucks Portugal to organizations focused on energy efficiency, such as Keolis Group.Stratio's revenue model is based on a subscription structure, where clients pay for access to the predictive maintenance platform and associated services. The company engages in direct business-to-business transactions, providing tailored solutions to fleet operators. Clients typically subscribe to a comprehensive package that includes features such as ecodriving, driver scoring, and real-time vehicle tracking. Each subscription plan is designed to meet the specific needs of the fleet, ensuring clients can optimize their operations and improve fuel efficiency. The pricing structure reflects the advanced capabilities of Stratio's offerings, particularly its flagship predictive maintenance solutions that integrate seamlessly with existing fleet operations.Following the Series A funding round of USD 12.00 mn in November 2021, which was led by Forestay Capital, STRA, S.A. aims to enhance its research and development efforts significantly. The company plans to accelerate its time-to-market for new products and intends to double its headcount by the end of next year. STRA is also targeting expansion into new geographic markets to broaden its reach and customer base.

## Funding rounds

- Series A, Nov 29, 2021, $12M — Crane Venture Partners, Forestay Capital
- Seed, May 9, 2019, $3M — Acequia Capital, LocalGlobe, Crane Venture Partners

## Investors

- Acequia Capital (https://capitalatlas.ai/funds/acequia-capital) — Seed
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Seed
- Crane Venture Partners (https://capitalatlas.ai/funds/crane-venture-partners) — Seed, Series A
- Forestay Capital (https://capitalatlas.ai/funds/forestay-capital) — Series A