About empowerMX
empowerMX is a company based in Frisco (United States) founded in 1999 was acquired by IFS in July 2024.. empowerMX has raised $4.35 million across 5 funding rounds from investors including IFS and Argentum Group. empowerMX operates in a competitive market with competitors including CAMP, OpenAirlines, Flightdocs, AireXpert and WingWork, among others.
- Headquarter Frisco, United States
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Fleetmx Aviation Solutions Inc.
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Funding Insights of empowerMX
empowerMX has successfully raised a total of $4.35M across 5 strategic funding rounds. The most recent funding activity was a Unspecified round of $3.08 million completed in February 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Unspecified — $3.1M
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First Round
First Round
(23 Jan 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Unspecified - empowerMX | Valuation |
investors |
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| Nov, 2018 | Amount | Unspecified - empowerMX | Valuation |
investors |
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| Dec, 2017 | Amount | Unspecified - empowerMX | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in empowerMX
empowerMX has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include IFS and Argentum Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are invested in by the private equity firm.
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Founded Year | Domain | Location | |
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Cloud-based platform for enterprise digital asset management is provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by empowerMX
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - empowerMX
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Empowermx Comparisons
Competitors of empowerMX
empowerMX operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CAMP, OpenAirlines, Flightdocs, AireXpert and WingWork, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Aircraft maintenance tracking and management solutions are provided for operators.
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| domain | founded_year | HQ Location |
Software for flight operations, crew and fleet management, and fuel saving
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| domain | founded_year | HQ Location |
Cloud-based maintenance tracking software is offered for aviation.
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| domain | founded_year | HQ Location |
Web-based aircraft maintenance and MRO management solutions are provided.
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| domain | founded_year | HQ Location |
WingWork is recognized as a cloud-based aircraft maintenance platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Empowermx
Frequently Asked Questions about empowerMX
When was empowerMX founded?
empowerMX was founded in 1999 and raised its 1st funding round 18 years after it was founded.
Where is empowerMX located?
empowerMX is headquartered in Frisco, United States. It is registered at Frisco, Texas, United States.
Is empowerMX a funded company?
empowerMX is a funded company, having raised a total of $4.35M across 5 funding rounds to date. The company's 1st funding round was a Unspecified of $1.08M, raised on Jan 23, 2017.
What does empowerMX do?
Founded in 1999 and headquartered in Frisco, United States, empowerMX develops FleetCycle, a cloud-based solution for aviation maintenance management. Operations encompass program management, planning, line operations, electronic logbooks, material handling, reporting, logistics, and event coordination. Variants such as FleetCycle AERO for airlines, OEM for manufacturers, DEF for defense, and MRO for maintenance providers are tailored to specific customer segments within the aviation sector.
Who are the top competitors of empowerMX?
empowerMX's top competitors include CAMP, OpenAirlines and Flightdocs.
Who are empowerMX's investors?
empowerMX has 2 investors. Key investors include IFS, and Argentum Group.
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