Relogix secures $4M Series A led by BDC Capital

Relogix has raised $4 million in Series A funding led by BDC Capital Inc. with participation of existing investor Mistral Venture Partners and new investor GroundBreak Ventures.

Relogix has previously raised $1.4 million in seed funding led by Mistral in July 2018 and $1 million in seed funding from members of Capital Angels Network and Southern Ontario Fund for Investment in Innovation (SOFII).

Founded by Andrew Millar, Ottawa based Relogix is a workspace analytics platform and IoT sensor technology company. The company has developed advanced IoT sensors to monitor workspace utilization, workplace design effectiveness and employee engagement. Its Sensor-as-a-Service solution reduces technology risk as it includes all hardware, software, wireless network and workspace analytics cloud platform all in one simple subscription price.

photo credit: Relogix

News Release

Relogix Completes $4 Million Series A Funding Round

Ottawa, ON, October 1, 2019: Relogix, the industry leading workspace analytics platform and IoT sensor technology company announced today that they have completed their Series A round with $4 Million in new funds. Funding partners in this round include BDC Capital’s Industrial, Clean and Energy (ICE) Technology Venture Fund, Mistral Venture Partners and GroundBreak Ventures.

“This investment allows us to accelerate the incredible market success we’ve had to date,” stated Andrew Millar, Founder and CEO, “Relogix combines deep domain expertise in corporate real estate technology and workspace strategy. Customers gain an unprecedented level of intelligence that helps them confidently make key decisions to transform their real estate portfolios.”

Sean Brownlee of BDC ICE, said their participation in this funding round was based on the market success the company has had to date. “The Relogix team is on a roll and the number of global brands who rely on Relogix is very impressive. BDC ICE wants to be a strong partner and support an accelerated growth trajectory, as they drive to the next level of market success.”

“With this investment, we can rapidly add amazing talent to an already incredible team and double down on what has made us successful to date – offering our customers world class technology and services,” added Jeff Bennett, COO of Relogix.

About Relogix

Relogix has developed advanced IoT sensors to monitor workspace utilization, workplace design effectiveness and employee engagement. Their Sensor-as-a-Service solution reduces technology risk as it includes all hardware, software, wireless network and workspace analytics cloud platform all in one simple subscription price. Top corporate real estate organizations depend on the Relogix workspace analytics platform and industry expertise to transform their global real estate portfolios with confidence.

For more information:

Mairi Thomson, Director of Marketing
Mairi.Thomson@relogix.com

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.