Traxxeo
Financials
Estimates*
EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | 1.7m | - | 1.2m | 2.0m | 2.6m | 3.1m | 3.3m |
% growth | 2 % | - | - | 63 % | 32 % | 17 % | 6 % |
EBITDA | <1m | <1m | <1m | <1m | <1m | <1m | - |
% EBITDA margin | 44 % | - | 39 % | 24 % | 17 % | 16 % | - |
Profit | <1m | <1m | (<1m) | (<1m) | (<1m) | (<1m) | - |
% profit margin | 8 % | - | (4 %) | (1 %) | (3 %) | (5 %) | - |
R&D budget | - | 1.0m | 1.0m | 1.0m | - | - | - |
R&D % of revenue | - | - | 81 % | 50 % | - | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
* | N/A | €3.0m | Seed |
Total Funding | CAD4.5m |
Recent News about Traxxeo
EditTraxxeo operates in the construction industry, providing a centralized and flexible platform designed to enhance the management of mobile resources and project oversight. The company's core service revolves around the digitization of field data collection, which improves monitoring and allows for accurate comparison of declared versus actual kilometers traveled. This technology is particularly beneficial for contractors, infrastructure companies, and maintenance firms who require precise and efficient project management tools.
Traxxeo's business model is based on a subscription service, where clients pay for access to their digital tools and platform. This model ensures a steady revenue stream and allows for scalability as more clients adopt the technology. The company serves a diverse range of clients, including those in construction, infrastructure, energy, and engineering sectors, as well as subcontractors.
The platform's key features include real-time data entry, which eliminates the need for paper timesheets and reduces unnecessary travel. This data is immediately available for HR departments, streamlining payroll processing and improving overall efficiency. By leveraging cutting-edge technology, Traxxeo helps its clients increase performance, responsiveness, and accuracy in their operations.
Keywords: construction management, field data collection, project monitoring, mobile resources, digital tools, real-time data, payroll processing, infrastructure, maintenance, subcontractors.