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DateInvestorsAmountRound
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$760k

Seed
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N/A

Acquisition
Total Funding€691k

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SiteTrace.io is a startup focused on enhancing productivity and efficiency for field teams in the construction and related industries. The company provides a comprehensive solution that allows foremen, project managers, and shop personnel to track the status of equipment and materials in real-time across various job sites. This transparency helps in reducing unnecessary trips to supply houses, ensuring that what is ordered is what is received, and managing backorders and damages effectively.

SiteTrace.io primarily serves construction companies, contractors, and other businesses that rely heavily on field operations and equipment management. The market it operates in is the construction technology sector, which is growing rapidly as companies seek to leverage digital tools to streamline operations and cut costs.

The business model of SiteTrace.io revolves around a subscription-based service. Clients pay a recurring fee to access the platform, which includes a mobile app for easy tracking and management of tools and materials. This model ensures a steady stream of revenue for the company while providing continuous value to its clients.

SiteTrace.io makes money by offering different subscription tiers, which may include basic tracking features, advanced analytics, and premium support services. By preventing costly equipment losses and improving operational efficiency, the platform delivers a strong return on investment for its clients.

In summary, SiteTrace.io is a cutting-edge solution designed to make field operations more efficient and cost-effective. It caters to the construction industry by providing real-time tracking and management of tools and materials, thereby reducing losses and improving productivity.

Keywords: construction, field teams, real-time tracking, equipment management, material tracking, productivity, cost reduction, mobile app, subscription service, construction technology.