Facilities Management eXpress, a facilities and maintenance management software platform, has received an undisclosed strategic investment from Five Elms Capital. The partnership with Five Elms will fuel the continued expansion of FMX, which has experienced double-digit revenue growth annually since 2014, while surpassing 1,000 customers served.
The Grandview Heights developer, founded in 2012, has created a cloud-based management system intended to track orders and plan maintenance effectively.
According to PitchBook, the company has raised capital three times — an undisclosed amount of angel funding from CEO Jeffrey Wilkins in 2013, an undisclosed amount of venture funding from Muirfield Capital in 2014, and $3 million debt financing in the form of a line of credit from SaaS Capital in March 2019.
Five Elms Capital is a Kansas City growth equity firm that invests in fast-growing B2B software businesses.