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COINTURK FINANCE > Business > What Does FixForm’s New Funding Mean for Its Future?
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What Does FixForm’s New Funding Mean for Its Future?

Overview

  • FixForm secures €1.5M funding for international expansion.

  • New investors join to support platform's growth.

  • Funds will enhance AI capabilities and improve services.

COINTURK FINANCE
COINTURK FINANCE 9 months ago
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FixForm, a building management and maintenance platform based in Gent, Belgium, has recently secured €1.5 million in a funding round led by Belgian investors. This development marks a significant step in FixForm’s journey as it continues to enhance its offerings and expand its reach. The investment is expected to accelerate the platform’s capability to provide seamless facility management services across various markets, including planned expansions into the Netherlands, the UK, and the Nordics. This funding round also includes contributions from new investors, further broadening its support network.

Contents
Who Are the New Investors?How Will FixForm Utilize the New Funds?

Who Are the New Investors?

The recent funding round saw participation from a mix of existing and new investors. Key contributors include Pitchdrive, Imec.istart, Delaware Ventures, and StarApps, along with individual investors such as Lorenz and Boris Bogaert, Wim Derkinderen, Koen Christiaens, Stefan, and Dieter Willems. Additionally, new investors like Ben Schrauwen, Geoffroy De Cooman, and Kristof Dockers have also joined, with Belfius Regio Aalst participating. These investors bring not only financial support but also strategic insights that can aid FixForm in its mission to improve facility management solutions globally.

How Will FixForm Utilize the New Funds?

The capital injection aims to fuel FixForm’s expansion into international markets and enhance its platform capabilities. According to Jan Abeel, co-founder of FixForm, the company plans to conduct active go-to-market campaigns in several regions.

“With this funding, we aim to accelerate our international expansion, with active go-to-market campaigns planned for the Netherlands, the UK, and the Nordics,”

said Abeel. The company is also focused on leveraging AI to analyze data collected through its platform, with the goal of improving risk detection and providing comprehensive building management solutions.

FixForm, established in 2021 by Thomas Vanhumbeeck and Jan Abeel, aims to streamline facility maintenance by facilitating the reporting and resolution of maintenance issues. The platform enables collaboration among visitors, staff, technicians, and service providers, enhancing the efficiency of maintenance operations.

The collaborative nature of FixForm’s platform allows building occupants to report issues directly using QR codes or a website, bypassing the need for an app or login. This system forwards reports to the appropriate personnel, minimizing manual errors and ensuring a quick response.

According to CEO Thomas Vanhumbeeck,

“Nearly half of all building issues never reach the building managers. People often don’t know who to contact, or the report gets lost. This leads to frustration on both sides.”

FixForm addresses this by bridging the gap between facility managers and end-users, providing a clear and prioritized view of defects that need attention.

The introduction of FixForm has been met with a positive reception from a diverse clientele, which includes healthcare facilities, investment firms, and sports stadiums, among others. The platform’s ability to streamline maintenance processes has been instrumental in addressing over 100,000 reported building defects effectively.

This funding round represents FixForm’s continued commitment to improving its platform and expanding its market presence. As facility management increasingly relies on technology to enhance operational efficiency, platforms like FixForm may see growing demand. The ability to quickly resolve building issues through streamlined communication processes is crucial in maintaining the satisfaction of both managers and occupants. By focusing on expansion and technology enhancement, FixForm aims to establish itself as a key player in the facility management landscape.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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