Toronto's Fixmo raises $6.5 Million lead by Panorama Capital

Toronto's Fixmo Inc. announced today that it has secured US$6.5 million in Series B financing led by new investor Panorama Capital. Existing investors Rho Ventures Canada, iNovia Capital, Extreme Venture Partners and management also participated in the Series B round.

Fixmo will use the funding for business expansion and ongoing development of solutions that mitigate the risk associated with enterprise mobile deployments.

"Fixmo understands enterprises want all the productivity benefits of a mobile workforce without having to worry about the risks associated with mobile devices," said Rick Segal, Co-Founder and CEO of Fixmo. "Managing and maintaining the integrity of enterprise mobile infrastructures is a huge market opportunity and this latest round of financing confirms Fixmo as a leader in this market. Panorama Capital brings significant experience and expertise to the table and we are honoured to have them as an investor."

Fixmo provides secure, end-to-end, multi-platform, infrastructure management solutions for enterprise mobile devices. Since launching Fixmo Tools in early 2010, the company has added solutions that address challenges enterprises face dealing with the complexity and risk of mobile devices in their workforces.

Company:: Extreme Venture Partners
Website:: http://www.extremevp.com
Location:: Toronto, Ontario, Canada

Extreme Venture Partners is focused on providing early stage venture capital. We recognize that sometimes all that is needed to propel a good idea into greatness is a small amount of funding and support from a seasoned team of technology and business alumnus. We bring together the agility and eagerness of an angel investor with the structure and support of venture capitalists. more

Company:: Panorama Capital
Website:: http://www.panoramacapital.com/
Location:: Menlo Park, California, United States

Panorama Capital is a seasoned team of technology and life sciences investors with a singular focus: helping entrepreneurs build market leading companies. We invest in entrepreneurs and teams who share our values: a passion to build great companies, an unyielding focus on people and teamwork and a commitment to integrity. We invest across the spectrum, from entrepreneurs with a great idea to more established... more

Company:: Fixmo
Website:: http://www.fixmo.com
Location:: Toronto, Ontario, Canada

Co-founders Rick Segal and Shyam Sheth along with their partner Joyce Janczyn believe there are a number of areas where smartphones could really benefit from added functionality to make people more productive and satisfied using them. To that end, we have created a product line that is a growing set of utility bundles, each having features that enhance, augment and improve your smartphone experience. more

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Rob Lewis

Rob is the President of Techvibes Media Inc. and Editor-in-Chief of Techvibes.com. His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can... more

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