Castine, Maine, U.S.A.-based BlueTrace, a traceability solution for shellfish harvesters, growers, distributors, and dealers, has netted USD 3.2 million (EUR 2.9 million) in seed funding.
According to the company, that brings its fundraising total to USD 4.1 million (EUR 3.8 million). The latest funding round was led by York IE, Maine Venture Fund, and Coastal Enterprise Ventures, with participation from various angel investors. York IE Co-Founder and Managing Partner Joe Raczka is also joining BlueTrace’s board of directors, the company announced.
“BlueTrace is bringing a unique digital solution to a traditionally non-digital, tech-laggard industry,” Raczka said. “Chip and the rest of the talented team have proven their product market fit and will continue improving the seafood landscape.”
Samuels Seafood Vice President of New Product Development Joe Lasprogata called the software a “game-changer” for the company.
“Our company moves millions of pounds of seafood each year, which obviously means a lot of moving parts,” Lasprogata said. “BlueTrace’s platform helps us organize our shipments and give us confidence that we’re staying compliant.”
BlueTrace initially launched as OysterTracker, a piece of software BlueTrace CEO Chip Terry launched in 2018 and announced significant growth in early February. Now, the company said it has begun to expand ...
Photo courtesy of BlueTrace
