About Fixt
Fixt is a company based in Baltimore (United States) founded in 2013 by Luke Cooper was acquired by Assurant in August 2020.. Fixt has raised $11.85 million across 7 funding rounds from investors including Assurant, UScellular and Asterisk Ventures. Fixt offers products and services including Device Support Platform, Phone and Tablet Repair, Smart Office Setup, and RMA and Advanced Exchange. Fixt operates in a competitive market with competitors including SquareTrade Go, Geekatoo, iCracked, iFixYouri and Online Owls, among others.
- Headquarter Baltimore, United States
- Founders Luke Cooper
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Sectors
Business Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Fixt
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Annual Revenue
$1.11 M (USD)79as on Dec 31, 2022
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Net Profit
$16.59 K (USD)153as on Dec 31, 2022
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EBITDA
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Total Equity Funding
$11.85 M (USD)
in 7 rounds
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Latest Funding Round
$6.5 M (USD), Series A
Oct 08, 2018
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Investors
Assurant
& 7 more
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Employee Count
Employee Count
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Acquired by
Assurant
(Aug 17, 2020)
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Products & Services of Fixt
Fixt offers a comprehensive portfolio of products and services, including Device Support Platform, Phone and Tablet Repair, Smart Office Setup, and RMA and Advanced Exchange. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for managing enterprise device repairs and setups on-demand.
On-site repair for mission-critical mobile devices to maintain productivity.
Service to secure and synchronize network and smart devices for businesses.
Handles device returns and exchanges through integrated workflows for enterprises.
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Funding Insights of Fixt
Fixt has successfully raised a total of $11.85M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $6.5 million completed in October 2018. 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 7
- Last Round Series A — $6.5M
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First Round
First Round
(06 Aug 2014)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2018 | Amount | Series A - Fixt | Valuation | Precursor Ventures , UScellular | |
| May, 2017 | Amount | Seed - Fixt | Valuation | Precursor Ventures | |
| Mar, 2016 | Amount | Seed - Fixt | 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 Fixt
Fixt has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Assurant, UScellular and Asterisk Ventures. 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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Venture capital investments in pre-seed and seed stages, focusing on founders.
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Founded Year | Domain | Location | |
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Early-stage technology companies are supported through venture capital investments.
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Founded Year | Domain | Location | |
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VC firm focused on early stage investments
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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 Fixt
| 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 - Fixt
| 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 |
Fixt Comparisons
Competitors of Fixt
Fixt 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 SquareTrade Go, Geekatoo, iCracked, iFixYouri and Online Owls, 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 |
Provides online services for mobile phone screen repairs.
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| domain | founded_year | HQ Location |
Discounted Crowdsourced Tech Support
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| domain | founded_year | HQ Location |
Provides on-demand repair services for various technology devices.
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| domain | founded_year | HQ Location |
An online marketplace for hiring reliable smartphone repair service providers.
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| domain | founded_year | HQ Location |
Offers on-demand technical support services for businesses.
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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 Fixt
Frequently Asked Questions about Fixt
When was Fixt founded?
Fixt was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Fixt located?
Fixt is headquartered in Baltimore, United States. It is registered at Baltimore, Maryland, United States.
Who is the current CEO of Fixt?
Luke Cooper is the current CEO of Fixt. They have also founded this company.
Is Fixt a funded company?
Fixt is a funded company, having raised a total of $11.85M across 7 funding rounds to date. The company's 1st funding round was a Seed of $1.4M, raised on Aug 06, 2014.
What is the annual revenue of Fixt?
Annual revenue of Fixt is $1.11M as on Dec 31, 2022.
What does Fixt do?
Fixt was founded in 2013 in Baltimore, United States, as an on-demand platform in the mobile repair and IT services sector. Repair solutions for employee devices are offered to registered companies, with logistics and security measures ensuring data protection during processes. Average repair times are maintained below 20 minutes, and expenses for IT managers are streamlined. Device returns are handled efficiently regardless of location.
Who are the top competitors of Fixt?
Fixt's top competitors include Geekatoo, SquareTrade Go and iCracked.
What products or services does Fixt offer?
Fixt offers Device Support Platform, Phone and Tablet Repair, Smart Office Setup, and RMA and Advanced Exchange.
Who are Fixt's investors?
Fixt has 8 investors. Key investors include Assurant, UScellular, Asterisk Ventures, Precursor Ventures, and Naples Technology Ventures.
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