What is TruTouch Technologies?
TruTouch Technologies, Inc. is at the forefront of developing and manufacturing patented noninvasive alcohol and biometric testing systems. These systems are designed to provide companies with a truly effective and unobtrusive method for verifying sobriety on a daily or routine basis. The company's vision is to integrate its passive, durable systems into various environments, aiming to intercept alcohol consumption before it leads to harm and foster a world where sobriety is routinely assured.
How much funding has TruTouch Technologies raised?
TruTouch Technologies has raised a total of $33.8M across 6 funding rounds:
Debt
$725K
Private Equity
$1.4M
Series A
$21M
Series B
$5M
Debt
$5.2M
Private Equity
$500K
Debt (2008): $725K, investors not publicly disclosed
Private Equity (2009): $1.4M, investors not publicly disclosed
Series A (2011): $21M, investors not publicly disclosed
Series B (2012): $5M, investors not publicly disclosed
Debt (2013): $5.2M backed by LaunchPad Venture Group and iTulip Investor Group
Private Equity (2017): $500K with participation from Verge Fund
Key Investors in TruTouch Technologies
Verge Fund
Verge Fund is a venture capital fund based in Albuquerque, NM, focused on investing in seed-stage, high-growth ventures in the Southwest. The fund aims to build an innovation-led economy in New Mexico by leveraging significant research and development resources available in the region.
LaunchPad Venture Group
Launchpad Venture Group is a network of angel investors focused on providing financial and human capital investments in early-stage science and tech-driven startups based in New England. The organization seeks to build long-term relationships with innovative entrepreneurs and offers mentorship alongside its capital investments.
iTulip Investor Group
iTulip is an online community and forum focused on economics and finance, boasting over 50,000 registered members from 78 countries. The platform offers in-depth analysis and forecasting of macroeconomic trends, with content available since 1998.
What's next for TruTouch Technologies?
With the recent major strategic investment, TruTouch Technologies is poised to accelerate its market penetration and further refine its innovative testing solutions. The substantial enterprise-level funding suggests a strategic focus on scaling operations, expanding research and development, and potentially forging new partnerships. This capital will likely enable the company to enhance its product offerings and solidify its position as a leader in unobtrusive sobriety verification technology, driving forward its mission to create safer environments.
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