SOURCE: TrackVia

July 15, 2008 10:00 ET

TrackVia Announces Series A Funding

FlyWheel Ventures and Access Venture Partners Lead Investment in Powerful Online Database for Real Businesses

DENVER, CO--(Marketwire - July 15, 2008) - TrackVia, Inc. (www.trackvia.com), provider of a powerful online database application for small to mid-sized businesses (SMBs), today announced that the company has received Series A funding from a syndicate of investors led by FlyWheel Ventures and Access Venture Partners.

Since the company's launch in 2006, thousands of active, paying users have chosen TrackVia to help their teams better track and collaborate on their business critical data. TrackVia's customers have found it to be the best "one-stop shop" for managing data online, and they rave about the product's blazing fast performance and the company's dedication to customer support.

"The fun thing about providing an online database application is that our customers come from all different industries, and they use our product to solve an incredibly diverse set of problems," said Chris Basham, co-founder and president at TrackVia. "This funding will enable us to continue to innovate our product to grow with our customers' needs, and to get the word out about TrackVia to the millions of businesses worldwide that need a better way to track their business information."

Today, most SMBs still use a hodge-podge of systems and software products to collect, manage and share data, a limiting and time-consuming approach. TrackVia's mission is to revolutionize the way small businesses collect, organize and share data, which means providing a powerful online database application that includes a practical feature set: granular user permission settings, mail merge, customizable database views, web forms, and one-click statistical analysis.

"For several years, I've seen a huge opportunity for a flyweight database company to enter the market and be incredibly disruptive, just as we saw happen with Skype and Hotmail," said Tim Draper, one of TrackVia's prominent angel investors. "When I heard about TrackVia, met the team, and used the product, I knew I'd found that company."

TrackVia stands out among all software-as-a-service companies because of its intense focus on the "behind the scenes" infrastructure that delivers the application. While back-end infrastructure efforts are typically thought of as un-sexy, and invisible to end-users, TrackVia views its infrastructure and systems administration duties as being just as critical as customer-facing features. This focus is why TrackVia has an impeccable uptime record, and is why TrackVia will retain its blazing speed and responsiveness as its user base continues its rapid growth. It also explains the company's popularity with real businesses.

"TrackVia stands apart in the online database market," said Scott Caruso of FlyWheel Ventures. "We've chosen to invest in TrackVia because of the team's amazing track record at providing a world-class product, and at signing up customers who pay for the service. As a result TrackVia is the fastest, most powerful and easy-to-use database option for SMBs on the market today."

According to IDC, the worldwide relational database management systems market saw a 12.6 percent growth spike in 2007 to US$18.8 billion compared to $16.7 billion in 2006.

About TrackVia

TrackVia provides a powerful online database application for real businesses. The web-based service gives organizations greater flexibility, visibility and control over their data through features such as the ability to manage mailing lists, clients and contacts; organize assets, inventory, locations or partners; sort and filter information; create custom reports, share data in real-time and set up different levels of permission-based access. TrackVia has received funding from Flywheel Ventures, Access Venture Partners and other private investors.

For more information, please visit www.trackvia.com.