LetsTrack Raises $ 1.7 Mn from Seed Investor
LetsTrack raised funds of $ 1.7 million from US investor James Arthur, who will join the firm as Chief Operating Officer in an attempt to expand its operations on the international market. LetsTrack is planning to offer their services in around 50 countries until 2020.
The company’s valuation was estimated according to various contributing factors and the company received many offers at a valuation of $ 17 million. While investments are usually done in order to secure capital and raise money, LetsTrack looked for an investor who would bring a strategic plan in order to raise the overall quality of the company.
"For me, it was a no-brainer because James was not only bringing money but also dedicating the next 10 years and for Letstrack that is invaluable. Now we have an investor and p...