Fyxer AI Raises €25.5M Series B for Expansion

London-based Fyxer AI has completed a €25.5 million Series B funding round. The investment was led by Madrona with participation from Lakestar Capital. This capital will accelerate the company's mission to free professionals from repetitive administrative tasks.

Founded in 2024, Fyxer AI develops an AI-powered executive assistant platform. This platform integrates into existing workflows, automating tasks such as email management, meeting summaries, and scheduling. The company experienced rapid adoption, growing from €1 million to €17 million in annual recurring revenue (ARR) and acquiring over 180,000 users in seven months. This indicates strong demand for AI productivity tools.

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.