What is XOi?
XOi operates as a cloud-based mobile application designed to enhance operations within the mechanical, electrical, and plumbing (MEP) sectors. The platform offers a comprehensive suite of tools, including access to extensive manuals and diagrams, robust training content, and real-time remote video support capabilities. Headquartered in Nashville, Tennessee, XOi Technologies is fundamentally transforming how field service companies capture critical data, communicate with stakeholders, and deliver services to their clientele. The company's focus on digitizing and streamlining field operations positions it as a key player in the industrial tech landscape.
How much funding has XOi raised?
XOi has raised a total of $17M across 3 funding rounds:
Series A
$1.5M
Series B
$4.5M
Series C
$11M
Series A (2014): $1.5M with participation from Vocap Investment Partners and Nashville Capital Network
Series B (2017): $4.5M led by Vocap Partners
Series C (2019): $11M supported by Nashville Capital Network, PeakSpan Capital, Grotech Ventures, and Vocap Investment Partners
Key Investors in XOi
Nashville Capital Network
Nashville Capital Network is an investment firm focused on early growth companies, particularly in healthcare and technology, aiming to accelerate their development through strategic capital and network resources.
PeakSpan Capital
PeakSpan Capital is a growth equity firm specializing in partnering with growth-stage software companies, providing operational support and strategic guidance to facilitate scaling.
Grotech Ventures
Grotech Ventures partners with innovative technology companies outside of Silicon Valley, supporting their growth and market transformation with strategic investments.
What's next for XOi?
With its recent major strategic investment and a substantial total funding amount of $17M, XOi is poised for accelerated growth and market expansion. The company's focus on providing advanced digital tools for the field service industry, particularly in the MEP sectors, aligns with the increasing demand for operational efficiency and remote support solutions. Future developments are likely to involve further enhancement of its mobile application, expanding its library of resources, and potentially integrating new technologies to further support its user base. The strategic backing from investors like PeakSpan Capital and Vocap Partners suggests a continued emphasis on scaling operations and solidifying its market leadership.
See full XOi company page
