PickTrace
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
PickTrace - overview
Location
Mountain View, CA, US
Primary Industry
Agribusiness
About
PickTrace is a specialized labor management platform tailored for agricultural operations, streamlining the hiring, tracking, and payment processes of farm employees with a focus on compliance and efficiency. PickTrace provides a comprehensive platform designed to manage labor in agricultural sectors. Founded by Austin Steed and Harrison Steed, the firm is headquartered in Mountain View, US. PickTrace raised USD 0.
12 mn in Seed funding on July 21, 2015, from Y Combinator. The company's focus has remained consistent, targeting labor management solutions without shifting its operational strategy. PickTrace offers a comprehensive labor management suite specifically designed for agricultural operations, enabling users to hire, track, and pay employees efficiently and in compliance with regulations. Their core products include PickTrace Onboarding, which streamlines the hiring process and manages essential employee documentation, and PickTrace Labor Management, which provides real-time tracking of employee time and productivity to ensure payroll accuracy.
The platform integrates seamlessly with leading agriculture payroll providers, allowing for bulk data import and generating detailed performance metrics through the PickTrace Insights app. Serving a diverse client base across North America, including states like California and Florida, PickTrace aims to enhance labor management processes, reduce compliance risks, and optimize labor costs in agriculture. Revenue generation for PickTrace primarily occurs through subscription-based models and partnerships with agricultural businesses seeking labor management solutions. Clients engage with the company to access its suite of products tailored for labor tracking, including the flagship PickTrace Pay service, which eliminates the need for paper checks and streamlines payroll processing.
The pricing structure accommodates various agricultural operations, providing flexibility and scalability for different client needs. As clients utilize the services, they benefit from features such as automated payroll calculations, performance insights, and compliance reporting, enhancing operational efficiency. PickTrace plans to develop new products aimed at enhancing its labor management capabilities and will begin rolling these out in the near future. Additionally, the company is targeting expansion into new agricultural markets across the US, aiming to solidify its presence in regions with significant farming activities.
The recent Seed funding of USD 0. 12 mn will be allocated to support these initiatives, facilitating product development and market entry strategies.
Current Investors
Y Combinator
Primary Industry
Agribusiness
Sub Industries
Agribusiness
Website
www.picktrace.com
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only

Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.