Klass Capital equity investment in TrackTik
By Canadian SecurityNews Industry News
Klass Capital Fund I, LP, an enterprise software, growth equity fund, announces its investment in TrackTik, an integrated guard management solution provider. The Company raised $1 million in financing, the majority of which was invested by Klass.
Also participating in the round was Jordan Banks, Managing Director of Facebook Canada and Global Head of Vertical Strategy at Facebook; Craig Campbell, security industry leader and former CEO of Total Security Management (which he sold to Garda in 2013); and Adrian Schauer, serial entrepreneur, and former CEO and Founder of Vortex Connect (which he sold in 2012). The Fund plans to make a more substantial investment in TrackTik in the future as the Company continues to scale its sales and build its team.
TrackTik is an integrated guard management system that provides compliance, tracking, and scheduling solutions for the security guard industry. The product is multi-featured, easily customizable, and is delivered through a SaaS and mobile platform.
Founder-CEO Simon Ferragne, an experienced technologist with deep security industry expertise, founded the Quebec-based company in late 2010. Despite the early-stage of the Company, the product itself is extremely advanced, which has helped attract major security customers including Garda, HSS, and Commissionaires.
“We are excited to make our first investment in Quebec,” said Daniel Klass, President of Klass Capital Corporation. “This is an appealing opportunity to partner with an exceptional entrepreneur, who has very quickly gained traction in the security industry.”
Simon Ferragne, founder and CEO of TrackTik is excited about the opportunity: “This investment will allow us to fully execute our growth strategy and thereby position TrackTik as the industry leader. Klass’ culture is a great fit with our strategy, and its extensive SaaS expertise and mentorship are definitely key assets. It’s about surrounding yourself with successful and experienced partners.”
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