{"id":167763,"date":"2019-01-29T06:00:20","date_gmt":"2019-01-29T10:00:20","guid":{"rendered":"https:\/\/fiix.wpengine.com\/?p=167763"},"modified":"2020-01-22T12:38:35","modified_gmt":"2020-01-22T16:38:35","slug":"fiix-raises-series-c","status":"publish","type":"post","link":"https:\/\/fiixsoftware.com\/maintenance-news\/news\/fiix-raises-series-c\/","title":{"rendered":"Fiix Raises $40M Series C to Accelerate Growth and Software Capabilities \u00a0"},"content":{"rendered":"<p><b><span lang=\"EN\"><\/span><\/b><span lang=\"EN-CA\"><strong>Toronto, Canada\u2014January 29, 2019\u2014<\/strong><span><span>\u00a0<\/span><\/span>Fiix announced today that it has closed a $40 million USD Series C investment to continue helping organizations on their journey to modern maintenance. The round was led by <a href=\"https:\/\/georgianpartners.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Georgian Partners<\/a>, with participation from previous investor <a href=\"https:\/\/www.buildgroup.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">BuildGroup<\/a>. Fiix has announced that Simon Chong, Managing Partner at Georgian Partners, has joined the company\u2019s board of directors as part of the round. <\/span><\/p>\n<p><a href=\"https:\/\/fiixsoftware.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Fiix<\/a>, a Toronto-based maintenance and asset management software provider, was one of the first entrants in the cloud-based maintenance software space. The company has seen demand for its user-friendly\u00a0<span lang=\"EN-CA\"><a href=\"https:\/\/fiixsoftware.com\/cmms\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span lang=\"EN-US\">computerized maintenance management system<\/span><\/a><\/span>\u00a0(CMMS) skyrocket over the past few years. In the past year alone, the company has doubled headcount and grown revenue by more than 90% as more organizations move from pen and paper to digital systems.<\/p>\n<p>Fiix\u2019s CMMS helps businesses better plan and schedule their maintenance in order to increase production and decrease unplanned downtime\u2014essential factors for end-users in production and equipment-intensive verticals, such as manufacturing, energy, and construction in North America to remain competitive in the face of globalization. <span lang=\"EN-CA\">\u00a0<\/span><\/p>\n<p><span lang=\"EN-CA\">The new investment will be used to continue scaling the company\u2019s go-to-market capacity and make key investments in technology in order to advance Fiix from an essential maintenance tool to a comprehensive maintenance platform. Specifically, the capital will enable Fiix to explore new technological trends, including AI, IoT and <a href=\"\/maintenance-strategies\/predictive-maintenance\/\">predictive maintenance<\/a> capabilities in order to better address evolving market needs. <\/span><\/p>\n<p><span lang=\"EN-CA\">\u201cWe have seen unprecedented changes in technology and massive global competition force operations to change, which has put pressure on maintenance teams to evolve. At Fiix, our primary goal is to partner with our customers to help them navigate this evolution through digital transformation. This also includes developing the technology to help them meet new challenges head-on as the market continues to grow and evolve,\u201d says James Novak, CEO of Fiix.<\/span><\/p>\n<p><span lang=\"EN-CA\">The maintenance and asset management sector has been historically dominated by legacy systems that lack the agility to adapt to swift changes in the industry. Fiix\u2019s cloud-based CMMS is leading a categorical digital shift in the industry\u2014 the company is enabling customers to securely run maintenance and asset management software over the Internet without having to buy, install, and manage any hardware. This needed modernization is allowing maintenance teams to reach bigger goals and provide a higher quality of service to stakeholders. <\/span><\/p>\n<p><span lang=\"EN-CA\">&#8220;Fiix is leading the maintenance and asset management industry to a complete digital revolution with its unique cloud-based CMMS software. We are thrilled to partner with Fiix as they continue to set a new standard, moving from solely reactive to preventive and predictive maintenance capabilities using machine learning. The industry is at a pivotal point of change and Fiix is in the ideal position to drive major advancements,&#8221; says Simon Chong, Managing Partner at Georgian Partners.<\/span><\/p>\n<p><span lang=\"EN-CA\">Fiix is already experiencing incredible momentum. On top of strong year-over-year growth, the company has already become a fixture in Toronto\u2019s technology community through its commitment to building a different kind of company via a triple bottom line of people, planet and profit. This financing round will allow Fiix to continue its social mission, further develop its market-leading software and ultimately fuel the company\u2019s continued evolution. \u00a0<\/span><\/p>\n<p><b><span lang=\"EN-CA\">About Fiix<\/span><\/b><\/p>\n<p><span lang=\"EN-CA\">Fiix Inc. creates easy-to-use, intelligent maintenance management software that empowers businesses to organize their maintenance departments and turn data into actionable insights. Its innovative multi-tenant cloud-based CMMS mobilizes the maintenance workforce with an unparalleled mobile experience and seamlessly interfaces with enterprise software to connect your entire organization\u2014revolutionizing how thousands of companies worldwide schedule, organize, and track maintenance.<\/span><\/p>\n<p><span lang=\"EN-CA\">Learn more at\u00a0<\/span><span lang=\"EN-CA\"><a href=\"https:\/\/fiixsoftware.com\/\">fiixsoftware.com.<\/a><\/span><\/p>\n<p><b><span lang=\"EN-CA\">About Georgian Partners<\/span><\/b><\/p>\n<p><span lang=\"EN-CA\">Georgian Partners is a thesis-driven growth equity firm investing in SaaS-based business software companies leveraging applied artificial intelligence, trust and conversational AI. Founded by successful entrepreneurs and technology executives, Georgian Partners leverages its global software expertise to directly impact the success of companies. For more information, visit <\/span><span lang=\"EN-CA\"><a href=\"https:\/\/georgianpartners.com\/\">www.georgianpartners.com<\/a><\/span><span lang=\"EN-CA\">.<\/span><\/p>\n<p><b>About BuildGroup<\/b><\/p>\n<p><a href=\"https:\/\/www.buildgroup.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">BuildGroup<\/a> is a company that selectively invests in leadership teams with staying power. We back founders who are ambitious enough to want to make a dent in the universe and humble enough to realize they can\u2019t do it alone.<\/p>\n<p>By providing permanent capital from aligned investors and avoiding forced exits, BuildGroup frees entrepreneurs to focus on serving customers instead of raising the next round. We believe that great businesses are built, not bought, and that\u2019s why our team works side-by-side with founders to create conditions for long-term growth.<\/p>\n<p>BuildGroup was founded in Austin, Texas by a team of proven builders who love nothing more than helping build and grow extraordinary companies.<\/p>\n<p><span lang=\"EN-CA\">\u00a0<\/span><b><span lang=\"EN-CA\">Press contact<\/span><\/b><\/p>\n<p><b><span lang=\"EN-CA\">\u00a0<\/span><\/b><span lang=\"EN-CA\">Jes Ellacott<\/span><\/p>\n<p><span lang=\"EN-CA\">Manager, Content Marketing<\/span><\/p>\n<p><span lang=\"EN-CA\">press@fiixsoftware.com.<\/span><span lang=\"EN-CA\"><\/span><\/p>\n<p><b><span lang=\"EN-CA\">\u00a0<\/span><\/b><\/p>\n<p><span lang=\"EN-CA\">\u00a0<\/span><\/p>\n<p><span lang=\"EN-CA\">\u00a0<\/span><\/p>\n<p><span lang=\"EN-CA\">\u00a0<\/span><\/p>\n<p><span lang=\"EN-CA\">\u00a0<\/span><\/p>\n<p><span lang=\"EN-CA\">\u00a0<\/span><\/p>\n<p><span lang=\"EN-CA\">\u00a0<\/span><\/p>\n<p><span lang=\"EN-CA\">\u00a0<\/span><\/p>\n<p><span lang=\"EN-CA\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Toronto, Canada\u2014January 29, 2019\u2014\u00a0Fiix announced today that it has closed a $40 million USD Series C investment to continue helping organizations on their journey to modern maintenance. The round was led by Georgian Partners, with participation from previous investor BuildGroup. Fiix has announced that Simon Chong, Managing Partner at Georgian Partners, has joined the company\u2019s board of directors as part of the round. Fiix, a Toronto-based maintenance and asset management software provider, was one of the first entrants in the cloud-based maintenance software space. The company has seen demand for its user-friendly\u00a0computerized maintenance management system\u00a0(CMMS) skyrocket over the past few years. In the past year alone, the company has doubled headcount and grown revenue by more than 90% as more organizations move from pen and paper to digital systems. Fiix\u2019s CMMS helps businesses better plan and schedule their maintenance in order to increase production and decrease unplanned downtime\u2014essential factors for end-users in production and equipment-intensive verticals, such as manufacturing, energy, and construction in North America to remain competitive in the face of globalization. \u00a0 The new investment will be used to continue scaling the company\u2019s go-to-market capacity and make key investments in technology in order to advance Fiix from an [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":167765,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"coauthors":[],"class_list":["post-167763","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Fiix Raises $40M Series C to Accelerate Growth and Software Capabilities \u00a0 | Fiix<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fiixsoftware.com\/maintenance-news\/news\/fiix-raises-series-c\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fiix Raises $40M Series C to Accelerate Growth and Software Capabilities \u00a0\" \/>\n<meta property=\"og:description\" content=\"Toronto, Canada\u2014January 29, 2019\u2014\u00a0Fiix announced today that it has closed a $40 million USD Series C investment to continue helping organizations on their journey to modern maintenance. The round was led by Georgian Partners, with participation from previous investor BuildGroup. Fiix has announced that Simon Chong, Managing Partner at Georgian Partners, has joined the company\u2019s board of directors as part of the round. Fiix, a Toronto-based maintenance and asset management software provider, was one of the first entrants in the cloud-based maintenance software space. The company has seen demand for its user-friendly\u00a0computerized maintenance management system\u00a0(CMMS) skyrocket over the past few years. In the past year alone, the company has doubled headcount and grown revenue by more than 90% as more organizations move from pen and paper to digital systems. Fiix\u2019s CMMS helps businesses better plan and schedule their maintenance in order to increase production and decrease unplanned downtime\u2014essential factors for end-users in production and equipment-intensive verticals, such as manufacturing, energy, and construction in North America to remain competitive in the face of globalization. \u00a0 The new investment will be used to continue scaling the company\u2019s go-to-market capacity and make key investments in technology in order to advance Fiix from an [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fiixsoftware.com\/maintenance-news\/news\/fiix-raises-series-c\/\" \/>\n<meta property=\"og:site_name\" content=\"Fiix\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-29T10:00:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-01-22T16:38:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fiixsoftware.com\/wp-content\/uploads\/2019\/01\/Social-Post_Series-C-1.png\" 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