Trace Raises $2M in Pre-Seed Funding to Accelerate AR Creation Platform Development

Trace Raises $2M in Pre-Seed Funding

Key Highlights:

• Funding Round: Trace, a provider of a platform for building location-based AR spaces, raised $2 million in Pre-Seed funding.
• Investors: Rev1 Ventures, Impellent Ventures, Everywhere Ventures, Ohio Innovation Fund, Portland Seed Fund, Allied Venture Partners, Service Provider Capital, Astir Ventures, Move VC, Phoenix Venture Fund, private investors in the XR space, and scout funds from Andreessen Horowitz, Sequoia Capital, and Index Ventures.
• Platform Development: The funding will be used to accelerate the development of Trace's creation platform for contextual augmented reality experiences.

Trace's Target Market

• Target Market: Creators and organizations looking to build location-based augmented reality (AR) spaces.
• Brands and Enterprises: Fortune 500 institutions and companies seeking to enhance brand activations, training, and customer experiences through interactive AR elements.
• AR Enthusiasts and Developers: Individuals and developers interested in creating AR experiences without extensive technical knowledge.

What Trace Needs to Buy

• Technology and Development Partnerships: Collaborations with technology providers and developers to enhance and expand the capabilities of their AR creation platform.
• Marketing and Sales Support: Services to help promote and sell their platform to potential customers and partners.
• Strategic Alliances: Partnerships with XR industry leaders and investors to further accelerate growth and market reach.