Fyxer AI, a London-based company, has secured \u20ac25.5 million in Series B funding. The company, which provides an AI-powered executive assistant for professionals, will use the funds to develop AI tools, enhance product features, and expand in the US. The funding round was led by Madrona, with participation from Lakestar Capital and previous investors including 20VC, 20Growth, and Salesforce founder Marc Benioff. As part of the investment, Karan Mehandru, a Managing Director at Madrona, will join the Fyxer board.<\/p>\n\n\n\n
Fyxer AI, founded in 2024, has created a platform that integrates into existing workflows to automate tasks such as email management, meeting summaries, scheduling, and follow-ups. The company reports that its platform has grown from \u20ac1 million to \u20ac17 million in annual recurring revenue (ARR) and has over 180,000 users. It has generated more than 15 million draft replies and captured over 500,000 meeting notes. A poll of 1,000 US workers commissioned by Fyxer shows that 59% feel overwhelmed by routine tasks, and 51% spend more than a quarter of their day on them.<\/p>\n\n\n\n
Richard Hollingsworth, CEO of Fyxer AI, stated: \u201cIn today\u2019s world, productivity has become a privilege often optimised for tech savvy individuals and designed for those who already have dedicated assistants. But most work doesn\u2019t happen in corner offices. It happens in overflowing inboxes, in client meetings, and on office floors. We created Fyxer to solve the draining cycle of repetitive yet essential tasks that consume professionals\u2019 energy and limit their potential.\u201d<\/p>\n\n\n\n
The company plans to double its team over the next three months, with a focus on US-based hires, and further develop its natural language chat capabilities. <\/p>\n\n\n\n
Archie Hollingsworth, co-founder and CRO, said, \u201cWe see a world where time on screens is minimised and impact at work is maximised. Professionals should be free to excel at the uniquely human elements of their roles.\u201d The company has formed partnerships with organisations in both the UK and US, with Knight Frank in the UK and eXp Realty in the US transitioning from pilot to full contract adoption.<\/p>\n\n\n\n