Kanata-based Relogix, which has developed a solution to provide data-driven insight into how employees use a workplace, has raised a $1.4 million seed round led by Mistral Venture Partners.
According to a report from the Ottawa Business Journal, Relogix’s funding round also included participation from members of Ottawa’s Capital Angel Network. The company raised a $1.4 million seed round from the Capital Angel Network in June 2017.
“The incredibly positive feedback we received from their customers convinced us that Relogix has elegantly solved a large problem for the enterprise.”
Founded in 2010, Relogix deploys sensors across large enterprises’ offices and commercial real estate portfolios to collect data on how workspaces are being used by employees. The company’s technology enables the continuous monitoring of flex space, meeting rooms, and other areas in an office and allows real estate professionals to identify patterns in order to optimize their portfolios.
“Our technology helps organizations with very large real estate portfolios make more efficient and effective use of their space,” said Andrew Millar, CEO of Relogix. “Our sensors collect data from numerous locations and our analytics provide critical data that would otherwise be unavailable.”
Relogix plans to use the funding to hire additional software engineers.
“We are very focused on early-stage companies with well-defined products targeted toward enterprise markets with proven customer traction,” said Code Cubitt, managing director of Mistral Venture Partners. “The incredibly positive feedback we received from their customers convinced us that Relogix has elegantly solved a large problem for the enterprise. We’re excited to partner with the Relogix team and look forward to helping them grow.”
Photo via Relogix.