MaintainX, a San Francisco, CA-based maintenance and frontline work execution platform, has secured $50 million in Series C funding, bringing its total funding to $104 million.
SaaS Investors
The round was led by Bain Capital Ventures, with participation from existing investors Bessemer Venture Partners, Amity Ventures, August Capital, and Ridge Ventures. Other strategic new investors include Jeff Immelt (former CEO of GE), Jeff Lawson (CEO of Twilio), Steve Pagliuca (Senior Advisor to Bain Capital), Rob Bernshteyn (CEO of Coupa Software), Chris Comparato (Chairman and CEO of Toast), and Allison Pickens (former COO of Gainsight).
Bain Capital Ventures (BCV) is a multi-stage VC firm investing across four core domains—fintech, application software, infrastructure, and commerce-tech. The firm helps founders build iconic businesses that transform the way we live and work. Founded in 1984, and based in San Francisco, California.
MaintainX Use of Funds
The company plans to use the funding to accelerate its feature roadmap, incorporating additional AI-driven predictive capabilities and data-driven functionality.
About MaintainX
Founded in 2018 by Chris Turlica, Hugo Dozois-Caouette, Mathieu Marengère-Gosselin, and Nick Haase, MaintainX is a maintenance and frontline execution platform designed specifically for industrial and frontline teams. It helps companies streamline maintenance operations, improve asset management, and manage regulatory compliance and audits—all while delivering insights that can improve the bottom line. As a mobile-first platform, MaintainX delivers a modern, IoT-enabled solution for maintenance, reliability, and operations teams. MaintainX is trusted by over 6,500 companies worldwide, including companies like Duracell, Brenntag, Cintas, Shell, Titan America, and many more.
Funding Details
Company: MaintainX, Inc.
Raised: $50.0M
Round: Series C
Funding Month: December 2023
Lead Investors: Bain Capital Ventures
Additional Investors: Bessemer Venture Partners, Amity Ventures, August Capital, Ridge Ventures, Jeff Immelt, Jeff Lawson, Steve Pagliuca, Rob Bernshteyn, Chris Comparato, and Allison Pickens
Company Website: https://www.getmaintainx.com/
Software Category: Computerized Maintenance Management Systems Software
Source: https://www.businesswire.com/news/home/20231206379674/en/