Fundraising Fox

TRX Systems

Greenbelt, US · Maryland corporation

Founders & leadership

CTCarole Teolis
Carole TeolisFounder
CPCarol Politi
Carol PolitiExecutive
GB
Gilmer BlankenshipNamed on SEC filing
BF
Benjamin FunkNamed on SEC filing

Board

WA
William ArmisteadBoard director
JA
Jean-Luc AbaziouBoard director

Reported raises · per SEC filings

Form D private placements

$900K disclosed across 2 rounds · 2015–2017

▶$400KraisedApr 2017 · 4 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Gilmer BlankenshipDirector, Promoter
  • Benjamin FunkExecutive Officer, Promoter
  • William ArmisteadDirector
  • Jean-Luc AbaziouDirector
  • Carol PolitiExecutive Officer, Director
  • Carole TeolisExecutive Officer, Director, Promoter
Offering amount
$400K
Amount sold
$400K
First sale
Mar 2017
Incorporated
Corporation, Maryland
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$500KraisedJun 2015 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Gilmer BlankenshipDirector, Promoter
  • William ArmisteadDirector
  • Carole TeolisExecutive Officer, Director, Promoter
  • Benjamin FunkExecutive Officer, Promoter
  • Carol PolitiExecutive Officer, Director
  • Jean-Luc AbaziouDirector
Offering amount
$500K
Amount sold
$500K
First sale
May 2015
Incorporated
Corporation, Maryland
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 1

by search overlap
Breakingdefense19 shared keywordsBreaking Defense is a digital news organization covering defense strategy, politics, and military technology for defense sector decision-makers. It is owned by Breaking Media, a New York City-based business-to-business digital media company.

Companies competing with TRX Systems for the same Google search keywords, organic and paid, via search-intersection analysis.

Non-dilutive funding · 24 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
Department of Homeland SecurityPhase II2021$750K
U.S. Air ForceAir ForcePhase II2020$750K
U.S. ArmyArmyPhase II2020$644.7K
U.S. ArmyArmyPhase II2020$550K
U.S. ArmyArmyPhase ISTTR2020$166.5K
Department of Homeland SecurityPhase I2020$150K
U.S. ArmyArmyPhase I2019$107.9K
Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects AgencyPhase II2018$4.9M
U.S. Air ForceAir ForcePhase I2017$150K
National Science FoundationPhase II2014$724.9K
U.S. ArmyArmyPhase II2013$1000K
Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects AgencyPhase II2012$2.1M
National Science FoundationPhase I2012$150K
U.S. ArmyArmyPhase I2012$100K
Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects AgencyPhase II2011$1.1M
Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects AgencyPhase I2011$148.3K
Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects AgencyPhase II2010$1.2M
U.S. ArmyArmyPhase II2010$1.2M
Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects AgencyPhase II2010$750K
Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects AgencyPhase I2009$99K
National Science FoundationPhase II2008$500K
U.S. ArmyArmyPhase I2008$120K
Department of DefenseNational Geospatial-Intelligence AgencyPhase I2008$100K
National Science FoundationPhase I2007$100K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

In the news

TRX Systems 11/12/2012 Capital Raise - Gaebler.com Venture Capital Databasegaebler.com

Frequently asked questions

Who founded TRX Systems?
TRX Systems was founded by Carole Teolis.
How much funding has TRX Systems raised?
TRX Systems has disclosed $900K raised across 2 rounds.
Where is TRX Systems headquartered?
TRX Systems is headquartered in Greenbelt, US.