The corporate venturing unit of US-based business communications company Motorola Solutions, Motorola Solutions Venture Capital, has participated in a $2m Series A round for US-based TRX Systems, a developer of personnel tracking systems. There was also involvement from New Dominion Angels and the Maryland Department of Economic Development.
TRX will use the new investment to fund the integration of its indoor Location System with Motorola Solutions radios to expand the industrial and commercial location applications for its mapping technology.
In May, TRX raised $650k in venture funding which included $475k from investor group New Dominion Angels, a provider of capital for early stage companies, and $150k from Maryland’s Department of Business and Economic Development (DBED) through the Maryland Venture Fund.