Tracecost

Tracecost

Establishes and maintains standard processes and procedures, provides informed decisions, and improves outcome predictability. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
AUD15—23m (Dealroom.co estimates Jul 2022.)
Calgary Alberta (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD202120222023
Revenues2.9m2.9m4.2m
% growth--45 %
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DateInvestorsAmountRound
*

$2.5m

Seed
Total FundingAUD3.9m

Recent News about Tracecost

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Tracecost is a startup specializing in construction management software designed to streamline and automate various aspects of construction projects. The company operates primarily in India and Canada, providing digital solutions that cater to the unique needs of construction businesses. Tracecost serves a wide range of clients, including construction firms, project managers, and contractors who are looking to enhance efficiency and reduce costs through digital automation.

The core offerings of Tracecost include cost tracking, time management, project management, reporting, document management, safety and quality management, and contract management. Their platform allows users to manage budgets, timelines, and resources visually, which helps in boosting project success. The software is accessible via mobile devices, making it a convenient tool for on-the-go project management.

Tracecost's business model is subscription-based, with pricing packages starting from a single user. The exact cost is tailored to the size and type of the client's requirements, ensuring a customized solution for each business. This flexibility makes it an attractive option for both small and large construction firms.

The company generates revenue through these subscription fees, offering various packages that scale with the client's needs. By eliminating the need for internal IT resources or hardware setup, Tracecost provides a cost-effective and efficient solution for construction management.

In summary, Tracecost is a digital platform that automates construction project management, serving clients in the construction industry with tools for cost tracking, time management, and more. It operates on a subscription-based model, providing tailored solutions to fit the specific needs of its clients.

Keywords: construction management, cost tracking, time management, project automation, digital solution, India, Canada, subscription-based, mobile app, efficiency.