Fastrax snags $5.4 million

Fastrax has raised a $5.4 million second round of funding, led by CapMan Capital Management. Other investors included Eqvitec Partners, and previous investors Startupfactory, Innocap and Suunto, a division of Amer Sports. Helsinki, Finland-based Fastrax has raised a total of $6.5 million. The company develops hardware and software designed to allow companies to add global positioning systems to their products.

Tech Industry

Fastrax has raised a $5.4 million second round of funding, led by CapMan Capital Management. Other investors included Eqvitec Partners, and previous investors Startupfactory, Innocap and Suunto, a division of Amer Sports. Helsinki, Finland-based Fastrax has raised a total of $6.5 million. The company develops hardware and software designed to allow companies to add global positioning systems to their products.

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