Fiix Raises $15.4 Million To Help Businesses Track Equipment Maintenance

Article via BetaKit – Toronto-based Fiix has raised a $15.4 million ($12 million USD) Series B for its workflow software that helps companies manage equipment and assets. The funding was led by BuildGroup.

“We are thrilled to help Fiix continue to drive growth,” said Lanham Napier, co-founder of BuildGroup. “Maintenance and asset management software is now a requirement for firms to remain competitive globally. Fiix has focused not only on developing a solution that solves real business challenges for its customers, but also on supporting customers through the process of digitization, which thereby ensures their success.”

Fiix offers a maintenance and asset management software, which allows users to manage work orders, assets, and inventories through a single platform. The goal is to help businesses implement preventative maintenance strategies to increase production.

Fiix said it currently works with over 20,000 users in the manufacturing, wholesale trade, construction, and transportation industries. The company plans to use the funding to continue scaling its team and software system.

Read the full article here.

Posted by Melissa Durrell on May 28, 2018


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