Tracxn Technologies Limited (NSE: TRACXN) has announced a strategic partnership with TMX Datalinx, the information services division of TMX Group, to become their exclusive Canadian provider of private market intelligence to financial institutions. This collaboration marks a significant step in enhancing access to comprehensive global private market data for institutional investors.

Key Partnership Details

• Agreement Type: Strategic partnership
• Tracxn's Role: Exclusive Canadian provider of private market intelligence
• Target Audience: Financial institutions in TMX Datalinx's network
• Data Coverage: Startups, companies, emerging sectors, private company financial performance, and transactions

Tracxn's Capabilities

Tracxn leverages an AI-powered and human-in-the-loop approach to aggregate and structure data across private markets. Here's a breakdown of their offerings:

Impact on Institutional Investors

This partnership aims to provide institutional investors with:

1. Access to comprehensive data on global private markets
2. Insights on startups, companies, and emerging sectors
3. Information on private company financial performance
4. Data on transactions in the private market space

Executive Insights

Neha Singh, CEO and Managing Director of Tracxn, emphasized the company's mission to organize and make accessible the world's private market data for decision-makers. She expressed pride in collaborating with TMX Datalinx to empower institutional investors with trusted, comprehensive private market data and insights.

Michelle Tran, President of TMX Datalinx, highlighted the strategic importance of this partnership, stating, "By combining their best-in-class private market data with our deep public market expertise, we are able to offer clients a seamless, comprehensive view of the investment landscape."

About Tracxn

Tracxn, a publicly listed entity on the National Stock Exchange of India (NSE: TRACXN), has established itself as a leading private market intelligence platform. Backed by investors like Accel and Elevation Capital, Tracxn serves a diverse clientele, including some of the world's leading venture capital and private equity funds, investment banks, and Fortune 500 corporations.

This strategic alliance between Tracxn Technologies and TMX Datalinx represents a significant development in the financial data services sector, potentially reshaping how institutional investors access and utilize private market intelligence in Canada and beyond.

Tracxn Technologies Limited , a global private market intelligence SaaS platform, has announced significant growth and upcoming investor meetings, showcasing its strong position in the market. The company aims to accelerate its Software-as-a-Service (SaaS) driven growth through multiple strategic initiatives.

Strategic Growth Initiatives

Tracxn Technologies plans to:

• Deepen its global customer base
• Scale its data intelligence offerings
• Capitalize on artificial intelligence-led opportunities within private market analytics

Investor Meetings and Platform Statistics

Tracxn Technologies has scheduled meetings with analysts and institutional investors for August 20 and 21. The company has prepared an investor presentation to showcase its performance and future prospects.

The company's platform boasts impressive statistics:

• 4.9 million+ entities profiled
• 965,000+ transactions covered
• 2,030 customer accounts
• 5,376 users

Financial Performance

Tracxn Technologies has demonstrated solid financial growth:

Strong Cash Position and Debt-Free Status

Tracxn Technologies maintains a robust financial position:

• ₹94.60 crore in cash and cash equivalents
• 25.70% year-over-year increase in cash reserves
• Operates on a debt-free business model

Global Reach and Customer Base

Tracxn Technologies serves venture capital firms, private equity firms, investment banks, and corporate M&A teams across more than 50 countries. The company's international presence is significant, with 60% of its revenue coming from outside India.

Recent Developments

Tracxn Technologies' Nomination and Remuneration Committee approved the allotment of 194,346 equity shares under the TRACXN Employee Stock Option Plan 2016. This allotment was made to eligible grantees at an exercise price of ₹1 per equity share.

Following this allotment, Tracxn Technologies' paid-up share capital has increased:

• Previous paid-up share capital: 10,61,43,059 shares
• New paid-up share capital: 10,63,37,405 shares

Platform Enhancements and Data Coverage

Tracxn Technologies continues to expand its platform capabilities:

• Increased coverage of private company financials across 20+ countries
• Over 1.6 million companies with revenue data available
• More than 2.9 million companies with detailed financials on the platform
• Expanded coverage of private company cap tables across 15+ countries
• Launched a legal entities database with over 60 million entities across key geographies

The company is leveraging AI and automation to enhance its data production capabilities, resulting in expanded coverage and increased efficiency.

As Tracxn Technologies prepares for its upcoming investor meetings, the company appears well-positioned for continued growth in the global private market intelligence sector. Its strong financial performance, expanding platform capabilities, and global customer base demonstrate its commitment to providing valuable insights to investors and businesses worldwide.