Mobile risk management (MRM) company Fixmo has raised $23 million in a round of series C funding. The round, led by new investor Paladin Capital Group, includes Horizons Ventures and Kleiner Perkins Caufield & Byers as new investors. Existing investors and management also took part in the round.
The financing will assist the company boost the emerging MRM market and develop its line of products that manage the risks associated with mobile devices and help organizations maintain and prove regulatory compliance. Meanwhile, Fixmo has added retired U.S. Air Force lieutenant general Kenneth Minihan and founder of INQ Mobile, Frank Meehan, as directors.
Click here for the release from Business Wire.
Kenneth Minihan Paladin Capital Group Frank Meehan Fixmo Business Wire