SaaS companies raised big in this round of funding. Here’s the latest on who raised how much, and from whom.
Maintenance Assistant (now Fiix software) raises $5 million Series A
Maintenance Assistant — which has recently rebranded to Fiix software — a provider of cloud-based maintenance and asset management software, announced that it raised a $5 million Series A in a round led by BuildGroup. The funds will be used to fuel the company’s growth in mid-market and enterprise sectors, where Maintenance Assistant says customers have been forced to choose from a handful of complex, legacy solutions.
When the company launched in 2012, it targeted the small to medium-sized business market before gaining traction within the enterprise market. In 2015, the company says it doubling revenue and closing the strongest Q4 in its history; for 2016, it will use the funding to add new roles in sales and marketing, product development and customer success.
“We’re very proud of the milestones our team has hit in the last year,” said Marc Castel, CEO of Maintenance Assistant. “But there’s more to do for our customers. For too long they’ve been locked into technologies that were frozen in time more than a decade ago. With this investment from BuildGroup, we can more aggressively challenge the status quo and deliver new value to the market. It’s time for enterprise customers to have a better choice.”
Peter Freeland, co-founder at BuildGroup, will join the Maintenance Assistant board of directors.
Resolver raises $4 million from Klass Capital
Toronto-based Resolver, which provides risk and incident management software, announced that it raised $4 million growth equity investment from its existing investor, Klass Capital. This brings Klass’ total capital investment in Resolver to $18 million.
Resolver will use the funding to accelerate its product plans and continue to enhance its SaaS-based integrated risk offerings, as it looks to target the $1 billion security, risk, and compliance market.
“Our company’s mission statement of transforming how companies think about risk is validated each time we speak to customers,” said Will Anderson, CEO of Resolver. “This subsequent round of funding from our existing investors, primarily Klass Capital, will allow us to accelerate our product road-map and go to market quickly with new application areas for existing customers and offer new customers more ways to manage issues related to risk in their organization.”
Unito raises $575,000
Montreal-based Unito, which helps developers with workflows by allowing them to connect GitHub and Asana seamlessly, raised $575,000 from Real Ventures.
California Right Side Capital and Pascal Pilon, president and CEO of the Montreal startup Landr, also participated in the round. The investment was first reported by Les Affaires, who reported that the startup wants to use the funding to double its employees by the summer. The funding reportedly comes after the startup refused a place in FounderFuel, after it won best pitch at the Startup Festival this past summer.
“There is a proliferation of online collaboration tools and the problem is that people find themselves having to switch tools when they change or organization to work together,” Marc Boscher, CEO of Unito, told the publication. “To solve the problem, Unito has developed an online application that can synchronize various collaboration software.”
