Tracks announced securing a €2 million investment round from Investitionsbank Berlin and Mobilityfund GmbH.

Tracks, a Berlin, Germany-based SAAS developer of an emissions management platform for frieght operators, announced securing a €2 million capital raise in what they call a pre-A funding round.

The money was raised from investors from Germany, including existing shareholder Mobilityfund GmbH as well as Investitionsbank Berlin, IBB Ventures, Future Energy Ventures, Reederei NORD Group, Hiller Logistik GmbH and Golzern Holding GmbH.

Tracks, founded in 2017 by CEO Jakob Muus, developed a software platform helping logistics companies monitor the CO2 emissions of their vehicles. The company previously raised a little more than $1 million.