TractionBoard

TractionBoard is a Netherlands-based fintech company operating an interactive platform that sits between startups and investors to manage the activities involved in raising capital. The product connects startups with potential investors, lets founders send regular progress updates, facilitates introductions to investors, and consolidates the administrative tasks associated with a fundraising process into a single place.

The company positions its approach as making startup financing simple and data-driven, with the stated aim of streamlining fundraising, strengthening investor relationships through data, and reducing the time founders spend on investor communication. It is categorised as a fintech company in the Netherlands and was founded in 2022.

Founding story

Co-founders Oscar Scoppa (CCO) and Arohi Jain (CEO) met at a startup studio in Utrecht. Scoppa had left his job to become an entrepreneur and, while studying entrepreneurship, had observed that many founders struggled to secure funding and build sustainable growth. Jain had closed a previous business to start a new technology venture; in her earlier company she spent months updating potential investors through emails, calls and meetings, which consumed time she would otherwise have spent growing the business, and ultimately used a crowdfunding platform and roughly ten months of investor relationship-building before securing VC funding. A conversation between the two led to the idea for TractionBoard.

Business model

TractionBoard operates a software platform serving two sides of the fundraising market, startups seeking capital and investors evaluating and tracking them, through which fundraising communication, investor introductions and progress reporting are managed.

Latest developments

TractionBoard announced the close of a pre-seed funding round and its selection for the Techstars + ABN AMRO Future of Finance Accelerator in Amsterdam.