HELIXintel Closes $4 million in Seed Funding

HELIXintel announced today it recently closed $4 million in seed funding from the HSB fund of Munich Re Ventures, Stellifi, and Lab Ventures, along with follow-on capital from Motivate Ventures and Green Egg Ventures. The funding will be used to accelerate the company’s strong year-over-year growth and expand nationwide to help customers simplify their building management needs.

HELIXintel’s platform can manage any type of equipment in the maintenance ecosystem and caters to a wide variety of industries. Currently partnered with companies across the United States, the platform supports real estate, manufacturing, hospitality, education, healthcare, agriculture, and other industries. HELIXintel is leveraging partnerships with top OEM and maintenance service companies to ease the impact of equipment downtime, environmentally inefficient equipment, and rising energy costs.

“Our team has years of experience supporting OEM equipment across the country, so we know firsthand that equipment management is fragmented, time-consuming and inefficient, causing businesses to spend more on repairs or new products and consume more energy due to equipment inefficiencies. HELIXintel helps you stay on top of your maintenance with a simple, intuitive, and collaborative platform,” said HELIXintel CEO and Co-Founder Jon DeWald. “The latest round of investment will help us simplify maintenance needs for businesses that want to save time and money in the process.”

HELIXintel offers streamlined facilities management processes, seamless collaboration with suppliers and service providers, improved asset tracking, inventory utilization and uptime, and insightful best practices in preventative maintenance.

“At Munich Re Ventures, we are committed to supporting companies that leverage technology to maintain and run equipment more effectively, efficiently, and economically,” said Timur Davis, Investment Principal, Munich Re Ventures. “Through our HSB fund, we are excited to partner with the HELIXintel team and support its mission to help businesses run smoothly.”

HSB, part of Munich Re, is a multi-line specialty insurer and provider of inspection, risk management, and IoT technology services. As a leading provider of equipment breakdown insurance, HSB knows the importance of regular preventive maintenance to reduce costs, avoid downtime, and help equipment run better and longer.

HELIXintel is also partnered with Stellifi, a Proptech-focused venture firm formed by vertically integrated real estate operators OTH Capital. The variety of group’s invested in HELIXintel reflects the core belief in their mission.

“HELIXintel is on a mission to change the way equipment is sold and maintained, providing owners with a complete platform to proactively manage, procure, and service their equipment. Property owners can realize substantial savings while reducing their energy consumption as HELIXintel connects them directly to procurement and energy rebates,” said Paolo Boero, Managing Partner at Stellifi.