SafeTraces Obtains $1,500,000 Seed Round

  • Feed Type
  • Date
    8/29/2016
  • Company Name
    SafeTraces
  • Mailing Address
    2324 Second St. Livermore, CA 94550 USA
  • Company Description
    SafeTraces’ technology is patent-protected with four issued US patents, two pending US patents applications, and two pending international patent applications. SafeTracersTM are recognized as GRAS (Generally Regarded as Safe) by the FDA.
  • Website
    http://www.safetraces.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $1,500,000
  • Transaction Round
    Seed
  • Proceeds Purposes
    The company intends to use the proceeds from the seed round to accelerate product development, sales, and marketing. SafeTraces plans to go to market with its first food safety solution by the end of 2016.
  • M&A Terms
  • Venture Investor
    Maumee Ventures
  • Venture Investor
    Undisclosed