WTS raised SEK 3M in capital investment.

WTS, a Stockholm, Sweden-based company developing a range of GPS tracking devices, announced that it completed a SEK 3M ($342k) capital investment round.

WTS, founded in 2013 and led by CEO Michel Bracké, are specialists within the GNSS industry, supplying personal GPS trackers, hardware, software, server and data solutions for high precision location and tracking information - B2B and B2C.

The company is working for the development of a new generation of products, the Trax G+, which are LTE-M enabled and one of the first LTE trackers on the market, in direct competition with Samsung SmartThings Tracker - currently only available in the US. The Trax G+ product line is expected to be released by 2019.