MaintainX Raises $39M in Series B Funding


MaintainX, a San Francisco CA-based provider of a management platform for industrial and frontline workers, raised $39M in Series B funding.

The round was led by Bessemer Venture Partners, with participation from Amity Ventures, Vulcan Capital, August Capital, Ridge Ventures, OldSlip Group, alongside UiPath’s founder and CEO Daniel Dines and Head of Strategy Brandon Deer.

The company intends to use the funds to accelerate growth, expand operations and business reach.

Founded in 2018 by Chris Turlica, Hugo Dozois-Caouette, Mathieu Marengère-Gosselin and Nick Haase, MantainX provides a software platform with an advanced suite of features designed to free industrial and frontline workers from clipboards and spreadsheets with digital tools that streamline workflows and boost productivity. With MaintainX workers track reactive maintenance, preventive maintenance, and control daily business operations, like safety inspections, quality inspections, and operating checklists – all with a digital audit trail.

The company has seed rapid growth since foundation with revenues growing 12X from early 2020, with customers in sectors including heavy industry, municipal maintenance, hospitality, education, and healthcare.

MaintainX also announces additions to its board of directors including Lobby Capital Founding Partner David Hornik, Amity Ventures’ co-founder and Managing Partner CJ Reim, angel investor Peter Yared, and Midas List investor Byron Deeter of Bessemer Venture Partners.