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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.

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
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Dawn Kawamoto
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.