Fixt raises $2 million, led by diversity-focused venture firm - Technical.ly Baltimore

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Mar. 28, 2017 11:42 am

Fixt raises $2 million, led by diversity-focused venture firm

The mobile-device repair startup has also hired new team members.

Device repair made easy.

(Photo via Twitter)

Mobile device repair startup Fixt closed on $2 million in new funding, said CEO Luke Cooper.

The follow-on seed funding round was led by Precursor Ventures, a venture firm seeking to increase diversity in tech. Precursor Managing Partner Charles Hudson was recently profiled in USA Today.

“From the first time I met Luke, I could tell that he and the team had spent a lot of time getting their model right and were on to something big,” Hudson told the paper.

New investors in the round also include New York-based ConnectedVentures and Northern Right Capital, which was founded by investor Matt Drapkin.

“We are planning to use the money to expand operations, invest in sales staff, and bolster the technological infrastructure of the company,” Cooper said.

Cooper said the startup also added new team members.

Joining in operations is Dan Schiller, former CEO of Salar, an ETC graduate which was acquired by Atlanta-based Transcend in 2011, then acquired again by Constellation Software in 2012. Ed Schmalzle and Flip Sasser, who founded dev shop Back Forty and went on to join the Groupon-acquired OrderUp, are also joining the team in technology and product, respectively.

Cooper said he met Sasser at Babson College, where both were in the MBA program.

“Ed has a keen interest in deep technical details and data-driven approaches which, alongside his leadership skills and passion for our product, will be of real benefit to the engineering organization,” Cooper said.

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Stephen Babcock

Stephen Babcock is the lead reporter for Technical.ly Baltimore. A graduate of Northeastern University, he moved to Baltimore following a stint in New Orleans, where he served as managing editor of online news and culture publication NOLA Defender. While there, he also wrote for NOLA.com/The Times-Picayune. He was previously a reporter for the Rio Grande Sun of Northern New Mexico.

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