London’s Fyxer AI, the creator of the AI-powered govt assistant designed for on a regular basis professionals, right this moment introduced a €25.5 million Collection B funding spherical to ship AI instruments that professionals can simply undertake, releasing them from routine admin to deal with excessive worth work.
The spherical was led by Madrona, with participation from Lakestar Capital. Earlier buyers embody 20VC, 20Growth, and Salesforce founder Marc Benioff. As a part of the deal, Karan Mehandru, Managing Director, Madrona will be part of the Fyxer board.
“In right this moment’s world, productiveness has grow to be a privilege typically optimised for tech savvy people and designed for many who have already got devoted assistants. However most work doesn’t occur in nook workplaces. It occurs in overflowing inboxes, in shopper conferences, and on workplace flooring,” stated Richard Hollingsworth, CEO of Fyxer AI. “We created Fyxer to unravel the draining cycle of repetitive but important duties that devour professionals’ vitality and restrict their potential.”
Based in 2024, Fyxer AI offers productiveness instruments particularly designed for on a regular basis professionals. The platform integrates into current workflows, automating repetitive duties similar to e mail administration, assembly summaries, scheduling, and proactive follow-ups.
In accordance with Fyxer AI, they’ve skilled speedy adoption, rising from €1 million – €17 million ARR and +180,000 customers in simply 7 months, producing over 15 million draft replies, and capturing over half one million assembly notes. This has resulted in a notable person retention charge, with 90% nonetheless utilizing the product 3 months later.
Tech-related jobs make up simply over 5% of the U.S. workforce, whereas professionals throughout sectors similar to skilled & enterprise companies and schooling & well being companies characterize round 36% of employment.
Fyxer serves this overwhelming majority, the professionals who need a instrument that really helps them, as a substitute of including one other layer of complexity.
Polling of 1,000 US employees commissioned by Fyxer reveals simply how a lot skilled time is swallowed by routine administration.
- 59% say they recurrently really feel overwhelmed by duties like emails, conferences, and coordination, which stops them from specializing in significant work.
- Over half (51%) report spending greater than 1 / 4 of their day on these actions.
- Most strikingly, 72% say it might be helpful if their employer supplied AI-powered govt assistant instruments to assist them deal with higher-value work.
With this Collection B funding, Fyxer will improve its product capabilities, speed up its growth within the US, anticipating a doubling of its group over the following 3-months, primarily via US-based hires, and additional evolve the platform’s pure language chat capabilities.
“Proper now, screens dominate our lives, however too typically they’re simply draining our vitality as a substitute of amplifying it. Fyxer flips that narrative,” stated Archie Hollingsworth, Co-founder and CRO of Fyxer AI. “We see a world the place time on screens is minimised and influence at work is maximised. Professionals ought to be free to excel on the uniquely human parts of their roles.”
Its influence is demonstrated via partnerships with organisations in each the UK and US.
- Within the US, eXp Realty expanded from an preliminary trial group of 40 customers to 2,000 customers inside eight weeks, utilising Fyxer to enhance effectivity throughout their dealer community.
- Equally, Within the UK, Knight Frank, a privately-owned actual property brokers, transitioned from pilot to full contract adoption inside simply 8 weeks, streamlining their inside communications and administrative processes.
“Professionals world wide are transferring past instruments that merely assist us work to brokers that work alongside us, dealing with high-context workflows like e mail, scheduling, and coordination,” stated Karan Mehandru, Managing Director at Madrona.
“Fyxer’s development and person engagement mirror a pleasant product pairing a deep context engine and reminiscence, setting a brand new customary for what data work may be, and what AI’s true potential is. We’re thrilled to accomplice with this world-class group of their mission to make productiveness accessible to all.”
