Fixmo Closes $23M Series C Funding
Fixmo Inc., a Sterling, Virginia- and Toronto, Canada-based mobile risk management (MRM) company, has closed a $23m Series C funding.
The round was led by new investor Paladin Capital Group, with participation from new investors Horizons Ventures and Kleiner Perkins Caufield & Byers, existing investors and management.
The company intends to use the funding to continue to expand its line of products.
Founded by CEO Rick Segal, Fixmo empowers enterprises and government agencies to identify, mitigate and manage the risks associated with using mobile devices for business and personal use. With its products, the company helps organizations understand their risks and implement solutions that mitigate and manage them to the highest degree possible so that they can be confident and compliant while enabling the full potential of mobility.
Fixmo’s products have been built on a foundation of MRM technologies initially developed by the U.S. Government’s National Security Agency (NSA)
In conjunction with the close of the round, Lt. Gen. Kenneth A. Minihan, managing director at Paladin Capital Group, and Frank Meehan, founder of INQ Mobile, will join the company’s Board of Directors.
01/06/2011: Fixmo Raises US$6.5M in Series B Financing
29/04/2010: Fixmo Raises Venture Capital Funding