WiTraC raised €3 million in an investment round led by Goldacre Ventures and Mundi Ventures.

Spain United Kingdom 12 December 2019

WiTraC, a Valencia, Spain-based company developing Industrial Internet of Things (IIoT) solutions for manufacturing and logistics companies, announced that it closed a capital investment round totalling €3 million ($3.3M)

The round was led by Goldacre Ventures and Mundi Ventures and included Clave Mayor Tech Transfer and Mondragón Corporation.

WiTraC, founded in 2012 by CEO Javier Ferrer and Jose Pons, develops manufacturing hardware and software — advanced IIoT sensor devices and an AI data platform — to aid digital transformation in industrial sectors. The products are specifically focused on optimizing supply chain management. The company's tech is capable of identifying, locating, measuring and controlling any asset anywhere, wirelessly and in real time.

WiTraC has over 50 customers in 15 countries, including Ford Motor Company, Volkswagen Group, Mercadona, and Carrefour.

Total investments received (USD): 3.34M