What is XOi?
XOi operates in the field service management sector, offering a cloud-based mobile application designed to enhance operational efficiency for companies in the mechanical, electrical, and plumbing (MEP) industries. The platform provides access to a comprehensive library of manuals and diagrams, facilitates training content delivery, and enables real-time remote video support. Based in Nashville, Tennessee, XOi Technologies is focused on transforming how field service companies capture data, communicate with stakeholders, and service their customers, thereby improving productivity and customer satisfaction.
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 Grotech Ventures, Nashville Capital Network, PeakSpan Capital, and Vocap Investment Partners
Key Investors in XOi
Grotech Ventures
Grotech Ventures is an investment firm focused on partnering with innovative entrepreneurial talent in high potential technology companies outside of Silicon Valley. Their mission is to support young companies that aim to transform markets, create jobs, and foster sustainable growth.
Nashville Capital Network
Nashville Capital Network (NCN) is an investment firm focused on providing acceleration capital for early growth companies, particularly in the healthcare and technology sectors. Founded in 2003, NCN manages $200 million and has funded 66 companies, achieving an enterprise value of $14 billion.
PeakSpan Capital
PeakSpan Capital is a growth equity firm based in New York City and Silicon Valley, specializing in partnering with growth-stage software companies. With over $2.5 billion in assets under management and a portfolio of more than 54 partnerships, they focus on delivering operational support and strategic guidance to help entrepreneurs scale their businesses effectively.
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. The company's focus on digitizing field service operations and providing advanced remote support capabilities positions it well within a market increasingly reliant on efficient, technology-driven solutions. Future strategic initiatives will likely involve expanding its platform's feature set, enhancing its data analytics capabilities, and broadening its market reach to capture a larger share of the enterprise field service technology market. Continued investment in innovation and customer support will be critical for sustaining its competitive advantage.
See full XOi company page
