Fyxt, a Venice, CA-based cloud-powered operations platform for commercial real estate (CRE), closed a $4m Series A financing round.
The round was led by RET Ventures, and included participation from UK-based family office Reuben Brothers.
The company plans to use this capital to accelerate the roll-out of its technology to NNN property owners across the country, enhance its technology stack, bolster its offering of tech integrations and expand the vendor marketplace.
Founded by Ryan Botwinick and Vidya Chokkalingam in 2017, Fyxt provides a mobile-first operations platform that aims to provide a streamlined experience for owners, managers, and occupiers. The platform provides a full suite of integrated software solutions specifically tailored to optimize the management of ‘essential assets’ across logistics/industrial, healthcare, retail, and other historically net-lease environments. Fyxt streamlines operations for every stakeholder while integrating with accounting, data visualization, vendor compliance, and insurance software. The system also offers an expense management platform for NNN tenants as well as a marketplace of pre-approved vendors to simplify vendor procurement for property managers and tenants alike.
Early investors in the company included KRV Capital, Inertia Ventures and Blackship Advisors.