TrackDuck Oy

TrackDuck Oy specializes in digital collaboration tools, providing innovative software solutions that enhance project management efficiency and optimize customer relationship management across various industries. TrackDuck Oy, founded in 2013, operates from Vilnius, Lithuania. The company focuses on delivering a suite of project management and customer relationship management software. Notably, on May 2, 2017, TrackDuck Oy was acquired by InVisionApp, which is backed by notable investors including Accel Partners and Tiger Global Management.

The founder, Yauhen Ivashkevich, has a background in software development and entrepreneurship, although specific details of previous ventures are not available. TrackDuck Oy has successfully completed three funding deals, with the latest being a Seed round raising EUR 0. 200 mn, led by Kima Ventures and Practica Capital, which corresponds to the total amount raised. TrackDuck Oy offers advanced software solutions designed to improve organizational efficiency and streamline processes.

Their main products include a comprehensive project management platform that features task assignment, timeline tracking, and collaboration tools, enabling teams to achieve shared goals effectively. Additionally, their CRM system is tailored to enhance client interactions and sales workflows, serving a wide range of industries such as technology, healthcare, and finance. The company caters to a diverse client base, including both small businesses and large enterprises, with a strong presence in North America, Europe, and parts of Asia. The revenue model of TrackDuck Oy is primarily subscription-based, allowing clients to access their software products through various tiered plans.

Clients typically enter into annual contracts, which ensure a predictable income stream for the company. Their project management software is accessible under these subscription plans, appealing to both B2B clients and direct consumers. This approach fosters long-term partnerships while allowing businesses to upgrade their plans as they grow. TrackDuck Oy is focused on future growth by planning new product releases and exploring market expansion opportunities.

Although specific upcoming products have not been disclosed, the company aims to broaden its reach into additional geographic regions. Recent funding from the EUR 0. 200 mn Seed round will support these initiatives. Furthermore, the acquisition by InVisionApp marks a strategic move that may influence future product development and market strategies.