On January 29, 2019, Fiix Inc. announced that it successfully raised $53 million in funding. The funding was led by Georgian Partners with participation from previous investor BuildGroup. Fiix will use the new funding to build salesforce for predictive maintenance and to explore new technological trends, including Artificial Intelligence (AI) and Internet of Things (IoT), in order to better address evolving market needs.
Georgian Partners is a Toronto based, thesis-driven, growth equity firm investing in Software as a Service (SaaS)-based business software companies exploiting applied artificial intelligence, security first and conversational AI.
Fiix Inc. is a maintenance and asset management software provider who is one of the first entrants in the cloud-based maintenance software space.
Osler, Hoskin & Harcourt LLP represented Georgian Partners with a team consisting of André Perey, David Jamieson (Corporate), Damian Rigolo (Employment & Labour), Nathaniel Lipkus and Jaymie Maddox (Intellectual Property).