Tractionboard, an interactive platform with headquarters in Amsterdam that assists entrepreneurs and investors in managing every part of fundraising, declared on Monday that it had completed a pre-seed investment round.
In addition to funding, the business has disclosed that it has entered the Amsterdam-based Techstars + ABN AMRO Future of Finance Accelerator.
Arohi Jain, co-founder of Tractionboard, says, “We are pleased to have been picked from more than 450 candidates to join this wonderful worldwide network of startups and entrepreneurs.
Tractionboard was invented
CEO Arohi Jain and CCO Oscar Scoppa first met at a Utrecht startup studio. Oscar had left his job to start his firm, while Arohi had shut down her former company to start a new software venture.
Through emails, phone conversations, and meetings, Arohi spent several months informing potential investors about the development of her firm. This consumed much of her time and prevented her from expanding the business. She chose to use a crowdfunding site to raise money to get around this challenge, and she spent over ten months cultivating connections with investors before ultimately receiving VC investment.
While studying entrepreneurship, Oscar observed that many startup founders failed to secure finance and create long-term business development. Oscar and Arohi developed the concept for TractionBoard after a casual discussion.
They aimed to develop a system to improve investor relationships through data-driven strategies, shorten the fundraising process, and eventually increase startup founder efficiency.
Tractionboard: A single location for all fundraising endeavors
The interactive platform Tractionboard helps businesses and investors handle every step of fundraising.
The website helps businesses handle the enormous chores of collecting money by connecting them with possible investors, keeping them routinely updated on their progress, introducing them to investors, and more.
As business owners, we know how challenging it can be to secure money. Through Tractionboard, we assist the right companies in receiving investments at the appropriate moment.
