HELIXintel has received another injection of growth funding as it seeks to establish new East Coast markets.
The Buffalo company is onboarding customers onto its equipment maintenance marketplace, said Peter Burakowski, co-founder and vice president of strategy. HELIXintel’s solution also helps companies plan and optimize their maintenance.
The company focuses on small businesses but also works with larger ones. Customers can sign up for free on the company website.
“We started off initially in Buffalo and the D.C. and Baltimore markets, and we’re going to keep growing those markets,” Burakowski said. “The funding allows us to start moving into other areas of the East Coast and to other parts of the country after that.”
The firm closed on $1.1 million this year with contributions from Launch NY’s Investor Network, Lauren DeLuca’s Motivate Venture Capital, Manhattan-based Green Egg Ventures and Bay Area venture firm Future Communities Capital.
“From retail stores to manufacturers to restaurants, small businesses deserve a simple, full-digitized, mobile solution for asset tracking, maintenance scheduling and repair services to increase their equipment efficiency and uptime,” DeLuca said. “HELIXintel allows these customers to stay focused on their most important work.”
HELIXintel closed a separate tranche of its pre-seed round last year – a $500,000 cash injection led by Launch NY.
HELIXintel has a distributed leadership and workforce but plans to make Buffalo its main operational hub. President Michael Mainier works from from here along with Burakowski and Brian Straka. The company works out of a suite at the University at Buffalo’s new Incubator@CBLS on the Buffalo Niagara Medical Campus.
The company has eight employees right now but that is set to change quickly as it invests into its customer success, marketing and product teams, Burakowski said.
The funding “is nice validation of the momentum that we’ve been generating,” Burakowski said. “It’s also great to have that support and also connections for future investment, customers and partnership opportunities."
HELIXintel is the 10th startup with significant operations in Western New York to acknowledge growth-oriented capital thi syear. The others include Tackle.io ($35 million), Jerry ($28 million), Torch Labs ($25 million), Circuit Clinical ($7.5 million), SomaDetect ($6 million), Kickfurther ($5.9 million) and Ellicottville Greens ($1 million) and MemoryFox ($380,000) and Zizo Technologies ($200,000).
