# Invixium

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/invixium

- Industry: Consumer Products
- Headquarters: Toronto, Canada
- Website: www.invixium.com
- Total disclosed funding: $8.3M
- Latest round: Series B (Jun 8, 2020)
- Investors on record: 5

## About

Invixium Inc. is a Canadian company that specializes in biometric access control solutions, focusing on enhancing security and user experience through innovative technologies and products.Founded in 2012 in Toronto, Canada, Invixium Inc. develops biometric access control solutions. The firm has executed 7 deals to date, with its most recent funding round being a Series B in June 2020 where it raised CAD 3 million from investors including Export Development Canada, McRock Capital, BDC Capital, and Connecticut Innovations. Shiraz Kapadia serves as CEO.Invixium specializes in biometric access control solutions, offering products such as the IXM TITAN, an advanced biometric reader with facial recognition capabilities, and the IXM TOUCH 2 for multi-biometric authentication. These products cater to diverse applications including workforce management, health screening, and security, targeting industries like banking, healthcare, and industrial operations across North America, the Middle East, and parts of Asia. Key features, like temperature monitoring and touchless authentication, align with current health safety concerns in the workplace.Invixium's revenue model is based on B2B transactions, primarily through direct sales of biometric products and integrated solutions. The company collaborates with system integrators and resellers to deploy its technology across various market segments. Revenue is generated from hardware sales and ongoing software services, including system management and user support, with offerings tailored to meet the specific needs of enterprise clients.Invixium's recent CAD 3 million Series B funding will be instrumental in supporting its growth initiatives. The company aims to expand into new geographic markets, specifically targeting regions in North America and Asia by the end of 2022. Although no specific new products were mentioned, the funding will be utilized to enhance their existing product line and explore innovative biometric solutions, ensuring they meet the evolving needs of their clientele.

## Funding rounds

- Series B, Jun 8, 2020, $2.2M — BDC Capital, Export Development Canada, Connecticut Innovations, McRock Capital
- Series B, May 21, 2019, $0.7M — BDC Capital, Connecticut Innovations, McRock Capital
- Series A, Mar 29, 2017, $0.8M — McRock Capital
- Series A, Jan 25, 2016, $0.7M — Business Development Bank of Canada, McRock Capital
- Series A, Oct 27, 2015, $4M — McRock Capital

## Investors

- McRock Capital (https://capitalatlas.ai/funds/mcrock-capital) — Series A, Series B
- Business Development Bank of Canada — Series A
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series B
- Connecticut Innovations (https://capitalatlas.ai/funds/connecticut-innovations) — Series B
- Export Development Canada — Series B