# Fiix

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fiix-3

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.fiixsoftware.com
- Total disclosed funding: $57M
- Latest round: Series C (Jan 29, 2019)
- Investors on record: 7

## About

Fiix, Inc. is a software company specializing in Computerized Maintenance Management Systems (CMMS) that empower organizations to enhance asset performance and optimize maintenance operations across various sectors.Founded in 2008 and headquartered in Toronto, Canada, Fiix, Inc. provides a robust CMMS platform aimed at improving maintenance efficiency. The company raised USD 40.00 mn in its latest funding round, Series C, led by Georgian, with additional participation from BuildGroup. The total amount raised by Fiix, Inc. amounts to USD 40.00 mn, following a total of 5 investment deals, the most recent of which occurred on November 17, 2020, when Rockwell Automation, Inc. acquired Fiix, Inc. Financial terms of the acquisition were not disclosed.Fiix primarily offers a comprehensive Computerized Maintenance Management System (CMMS) designed to enhance asset performance and streamline maintenance operations for a wide range of industries. The core functionalities of Fiix's platform include work order management, asset management, analytics and reporting, and parts and supplies management. By facilitating the creation, prioritization, and assignment of work orders, Fiix allows maintenance teams to operate more efficiently and effectively, addressing issues such as equipment downtime and maintenance costs. The company serves a diverse client base, including sectors such as automotive manufacturing, food and beverage, oil and gas, and heavy equipment, among others, with its solutions deployed across North America and internationally in various markets, empowering organizations to improve their operational efficiencies through data-driven maintenance strategies.Fiix operates primarily on a subscription-based revenue model, providing clients with access to its CMMS platform through various pricing tiers tailored to meet the needs of different organizations. Clients engage with Fiix by subscribing to their software, which may include customizable features such as the Fiix Asset Risk Predictor, work order insights, and analytics tools, allowing for significant operational improvements. The company fosters partnerships with resellers and technology providers, broadening its market reach and offering clients additional integration capabilities. Revenue is generated through these subscriptions, with potential ongoing commissions from channel partners, and it emphasizes the value of its services by equipping users with essential tools to manage maintenance workflows effectively.Fiix, Inc. plans to utilize its recent funding from the Series C round to bolster its product development and market expansion strategies. The company is focused on designing new features for its CMMS platform to further enhance user experience, although specific product release dates have not been disclosed. Additionally, Fiix aims to expand its presence in international markets, particularly targeting more sectors within North America and Europe by 2023. The funds from their latest acquisition will support these initiatives, enhancing their capabilities to meet growing market demands.

## Funding rounds

- Series C, Jan 29, 2019, $40M — Georgian, BuildGroup
- Series B, May 21, 2018, $12M — BuildGroup
- Series A, Mar 10, 2016, $5M — BuildGroup
- Seed, Dec 15, 2011 — FedDev Ontario, Niagara Angel Network, MaRS Investment Accelerator Fund, Georgian Angel Network, Golden Triangle Angel Network

## Investors

- FedDev Ontario — Seed
- Niagara Angel Network — Seed
- MaRS Investment Accelerator Fund (https://capitalatlas.ai/funds/mars-investment-accelerator-fund) — Seed
- Georgian Angel Network — Seed
- Golden Triangle Angel Network — Seed
- BuildGroup (https://capitalatlas.ai/funds/buildgroup) — Series A, Series B, Series C
- Georgian — Series C