TekTrak has raised $600K in total across 1 funding round.
TekTrak's investors include 10100, Bessemer Venture Partners, Canvas Ventures, Chemistry VC, Felicis Ventures, Flex Capital, Freestyle Capital, Gaingels, Industry Ventures, K9 Ventures, Long Journey Ventures, Quest Venture Partners.
TekTrak, Inc. was a mobile security company that developed a cross-platform app for iOS and Android, enabling users to remotely track lost or misplaced smartphones, view location history, ring the device, and secure stored data via a web browser.[1][3][4] Targeted at individual smartphone owners concerned about device loss or theft, it addressed the growing problem of mobile device security in the early smartphone era by offering free 'lite' and paid 'pro' versions downloadable from app stores.[1] The company achieved early traction with angel funding and awards but shut down in June 2012, marking the end of its growth momentum.[1]
TekTrak was founded in summer 2009 by Arik Waldman, Luka Sklizovic, and Dan Russ as part of their master's thesis project at UCLA Anderson School of Management, where it won the Wolfen Award providing initial prototype funding.[1] The team incorporated as an LLC in March 2010 and as a Delaware C-corp in November 2010, raising angel investment from notable backers including Scott Banister, Wasabi Ventures, Barney Pell, Kima Ventures, Dovi Frances, and Sergey Grishin.[1] Pivotal early moments included launching the iPhone app in 2010-2011 with free and paid tiers, followed by Android support, before the company formally ceased operations in June 2012 without specified reasons.[1][5]
(Note: A separate "TekTrak" process by Team Solutions Group for IT cost analysis exists but is unrelated to this mobile app company.[2])
TekTrak rode the explosive growth of smartphones post-iPhone (2007) and Android's rise, when mobile loss/theft was rampant without native tracking—market forces like increasing device value and location tech (GPS) favored such utilities.[1][3] Its timing capitalized on app store ecosystems enabling quick distribution, influencing early mobile security norms and paving the way for integrated OS tools from Apple and Google.[4][6] Though short-lived, it exemplified startup innovation in utility apps, contributing to investor interest in mobile security during the 2010 angel funding boom.[1]
TekTrak's story highlights the high-risk, fast-fail nature of early mobile startups, closing in 2012 after proving concept viability but unable to sustain amid competition from free OS features.[1] No revival is evident as of available records, with its tech largely superseded by modern Find My networks and enterprise MDM solutions. Looking ahead, its legacy endures in the matured mobile security market, where trends like AI-driven threat detection and cross-device ecosystems evolve the space it pioneered—though as a defunct entity, TekTrak's direct influence has ended, underscoring the fleeting window for app-based trackers in a platform-dominated landscape.[1][4]
TekTrak has raised $600K across 1 funding round. Most recently, it raised $600K Seed in December 2010.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2010 | $600K Seed | 10100, Bessemer Venture Partners, Canvas Ventures, Chemistry VC, Felicis Ventures, Flex Capital, Freestyle Capital, Gaingels, Industry Ventures, K9 Ventures, Long Journey Ventures, Quest Venture Partners, Radical Ventures, Trinity Ventures, Gary Kremen |
