BDC Capital provides financing to TRAXXALL to expand sales, marketing and product development teams
Montreal, March 25, 2021 – BDC Capital’s Growth and Transition Capital division has provided monthly recurring revenue financing to TRAXXALL to support the company’s expansion.
Founded in 2014, the Montreal-based company is a fast-growing software-as-as-service (SaaS) company that offers an intuitive and customizable aircraft maintenance tracking and inventory management system. Founded by a team with exceptional aviation and maintenance experience, the company has had significant year-over-year growth and increased market share, while providing clients with leading-edge technology.
“This capital will enable us to expand our sales, marketing and product development teams,” said Scott Henderson, CEO, TRAXXALL. “We are pleased to work with BDC, an experienced institutional lender, and a team that understands technology, provides valuable counsel and offers flexible capital solutions.”
Last year, TRAXXALL was included in several growth rankings, including Deloitte Technology Fast 50, Financial Times’ Americas’ Fastest Growing Companies 2020, Globe and Mail Report on Business’ Canada’s Top Growing Companies, and Canadian Business’ 2020 Growth List. These accolades are based on revenue growth of almost 500% between 2014 and 2019.
“TRAXXALL has an exceptionally experienced management team with deep knowledge, and networks, in this niche industry,” said Alexandre Leclerc, Director, BDC Capital and deal lead. “Their best-in-class aviation maintenance tracking solutions offer unparalleled value in an industry where scheduled and preventative maintenance is critical.”
TRAXXALL is an innovative, intuitive and modern aircraft maintenance tracking and inventory management system that streamlines workflows. It reduces aircraft downtimes, increases operational efficiencies and protects aircraft resale values. TRAXXALL was designed and built by an unparalleled team of aviation maintenance experts and is supported by the industry’s most-experienced maintenance analysts. Headquartered in Montreal, Canada, TRAXXALL has offices in Jacksonville, FL; Denver, CO; London, UK; Marseille, France and Clark, Philippines. For more information, please visit www.traxxall.com.
About BDC Capital
BDC Capital is the investment arm of BDC, the bank for Canadian entrepreneurs. With over $3 billion under management, BDC Capital serves as a strategic partner to the country’s most innovative firms. It offers businesses a full spectrum of capital, from seed investments to growth equity, supporting Canadian entrepreneurs who have the ambition to stand out on the world stage. Visit bdc.ca/capital.