London-based Fyxer AI has closed a €25.5 million Series B funding round. Madrona led the investment, with participation from Lakestar Capital. This capital infusion will accelerate the company's mission to free professionals from repetitive administrative tasks.
Fyxer AI, founded in 2024, develops an AI-powered executive assistant. This platform integrates into existing workflows, automating tasks like email management, meeting summaries, and scheduling. The company experienced rapid adoption, growing from €1 million to €17 million ARR and acquiring over 180,000 users in seven months. This demonstrates strong demand for AI productivity tools.
Accelerating AI-Powered Professional Support
The new funding will enhance Fyxer AI's product capabilities and accelerate its expansion in the US market. The company plans to double its team over the next three months, primarily through US-based hires. It will also further evolve the platform’s natural language chat capabilities. This expansion positions Fyxer AI alongside other advanced AI tools like Microsoft Copilot and Google Workspace AI.
Fyxer AI serves a broad professional base, aiming to provide a practical tool without adding complexity. Its impact is evident through partnerships, including eXp Realty in the US and Knight Frank in the UK, both expanding usage after initial trials. The company's focus on everyday professionals differentiates it from more general AI platforms such as Notion AI. Karan Mehandru, Managing Director at Madrona, joins the Fyxer board as part of the deal. Previous investors include 20VC, 20Growth, and Salesforce founder Marc Benioff. This startup funding round empowers Fyxer AI to scale its innovative executive assistant AI solution.