Wellington Financial's blog reported today that Toronto's Fixmo has landed a $23.4 Million investment from Kleiner Perkins Caufield Byers, Paladin (Washington), and Horizons (Hong Kong).
Local boy Rick Segal has drawn one of the big Kahunas of venture capital investing to his Fixmo startup, which was born in Toronto and now has a joint HQ in Virginia. Just two years old, Fixmo began as an idea that would see all of us buy a “Norton Tools” product for our BlackBerries. Who wants to send a “flamemail” without having the chance to reconsider it before pushing the launch button? That idea got some natural interest from large New York law firms, for example, but a partnership with some serious U.S. government agencies has turned the story into one of Mobile Risk Management; and with that, Fixmo appears to have a tiger by the tail.
Fixmo’s existing venture capital investors include Extreme Venture Partners, RHO Canada, iNovia, and Silicon Valley-based Panorama.
Congrats to Fixmo CEO Rick Segal on attracting an impressive and deep syndicate - 7 VCs in a Canadian deal is unheard of.