XOi Technologies Valuation, Funding & Investors
XOi Technologies is valued at $17M as of December 2017.
Last XOi Technologies valuation
$17M
Series B · Dec 2017
Last XOi Technologies funding round
$230M
Undisclosed stage · Feb 2025
Cumulative funding XOi Technologies raised
$247M
across 5 funding rounds
Key investors in XOi Technologies
Nashville Capital Network
Vocap Partners
Crestlight Ventures
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Selous Venture SocietyKKR
Grotech Ventures
About XOi Technologies
XO i Technologies is a Nashville-headquartered field service platform using eyewear-mounted cameras for electrical, plumbing, and HVAC technicians. Its cloud app employs computer vision and NLP to document jobs, enable remote expert support, and archive service history for over 1,000 US contractors.
Founded
2013
HQ
Nashville, TNWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$17M (Dec 2017)
XOi Technologies Valuation
XOi Technologies is currently valued at $17M, based on its Series B in December 2017.
The $5M round was led by Vocap Partners, with participation from Nashville Capital Network.
XOi Technologies valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2017 | Series B | $17M |
XOi Technologies Funding History
XOi Technologies has raised a total of $247M across 5 funding rounds.
XOi Technologies' first fundraising round was a $2M Series A in December 2014. The most recent completed round was a $230M undisclosed-stage round in February 2025.
XOi Technologies funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2025 | Undisclosed stage | KKR (lead) | $230M | - | XOi Technologies, based in Nashville, Tennessee, provides a digital platform for field service professionals, allowing technicians to collect jobsite data, access equipment information, and connect with remote support. The company's core offering is software that enables maintenance people to snap pictures and quickly retrieve information about the machines they are fixing, designed specifically for field service engineers and technicians. In February 2025, XOi announced a $230 million funding round from KKR, marking a significant milestone in the company's growth. The investment was sourced from KKR's Next Generation Technology III Fund, making KKR a majority owner of the company, which had previously raised less than $20 million in total. As part of this strategic investment, XOi acquired Specifx, an on-demand data enrichment and metadata retrieval platform for field service equipment, in a transaction valued at less than half the $230 million round size. The Specifx acquisition enabled XOi to augment its datasets with information on approximately 85,000 additional equipment model families and related data, which the company planned to integrate into its existing platform to provide more device-specific instructions and enhance predictive maintenance capabilities. The funding and acquisition underscore XOi's mission to serve the entire field service ecosystem, including technicians, field service providers, distributors, and original equipment manufacturers, by creating a comprehensive system of work for jobsite operations. |
| Aug 2019 | Series C | PeakSpan Capital (lead); Grotech Ventures; Nashville Capital Network; Vocap Partners | $11M | - | XOi Technologies, a Nashville-based provider of field service communication solutions and SaaS platform for HVAC, plumbing, electrical, construction, and related industries, completed an $11 million Series C financing round on approximately August 7, 2019. PeakSpan Capital led the round, with participation from Grotech Ventures, Nashville Capital Network, and existing investor Vocap Investment Partners. The funding supported expansion of integration partnerships, key customer account acquisitions, and hiring dozens of new team members in marketing, sales, customer success, and engineering. XOi equips field service teams with visual documentation, remote support, training resources, asset and team management, knowledge base access, and insights from job site data to streamline workflows and enhance customer transparency. The company targeted modernization of blue-collar trades underserved by software. At the time, XOi reported 100% year-over-year revenue growth since 2016, though specific figures were not disclosed. |
| Dec 2017 | Series B | Vocap Partners (lead); Nashville Capital Network | $5M | $17M | XOi Technologies raised $4.5 million in its Series B funding round in 2017, led by Vocap Partners with participation from Nashville Capital Network. The round closed around December 8, 2017, following a Series A in 2014. XOi provides field service communication solutions, with its Vision platform launched in 2016 to help technicians document job sites, access equipment content, and collaborate remotely. The company had grown revenue 100% every year since 2016 by the time of its later Series C in 2019, when it served over 6,000 field service users. A Series C round of $11 million followed in 2019, led by PeakSpan Capital with Grotech Ventures, Vocap Partners, and Nashville Capital Network. |
| Apr 2015 | Series A | IncWell (lead); Crestlight Ventures; Selous Venture Society | $400K | - | - |
| Dec 2014 | Series A | Crestlight Ventures (lead); Selous Venture Society (lead); Chattanooga Renaissance Fund | $2M | - | - |
Who has invested in XOi Technologies?
9 investors have backed XOi Technologies across its funding rounds, including Nashville Capital Network, Vocap Partners, Crestlight Ventures, Selous Venture Society, KKR and Grotech Ventures.
Lead investors include KKR, PeakSpan Capital, Vocap Partners, IncWell, Crestlight Ventures and 1 other investor.
XOi Technologies Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 2 | Lead | Dec 2014 | |
| Nashville, TN | 2 | Participant | Dec 2017 | |
| Atlanta, GA | 2 | Lead | Dec 2017 | |
| Selous Venture Society | Nashville, TN | 2 | Lead | Dec 2014 |
| United States | 1 | Lead | Apr 2015 | |
| New York City, NY | 1 | Lead | Feb 2025 | |
| Chattanooga, TN | 1 | Participant | Dec 2014 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by XOi Technologies
XOi Technologies has acquired 1 company to date.
Last acquisition by XOi Technologies was on February 5th 2025. XOi Technologies acquired Specifx Data for undisclosed valuation.
Latest Acquisitions by XOi Technologies
| Description | Specifx Data is a platform providing analytics for HVAC asset management at enterprise scale. The company aggregates data from manufacturers like Trane, Carrier, and Lennox into a unified dashboard for visibility into equipment performance and energy usage. Headquartered in San Francisco, it harmonizes metadata on chillers, AHUs, and RTUs to track carbon emissions and maintenance schedules. Specifx Data supports facility managers in optimizing portfolios across multiple sites. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 5 Feb 2025 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all XOi Technologies acquisitions and their M&A valuation multiples. Start Free Trial | |
XOi Technologies Competitors
XOi Technologies competitors include listed companies like ThroughTek Co and MIND C.T.I., and private ones like Fabriq, SwineTech, Watad Digital for Information Technology and Latium Technologies.
| Company | HQ | Status | Revenue | EBITDA | Valuation |
|---|---|---|---|---|---|
 Paris | Private | - | - | $18M | |
| Cleveland, OH | Private | - | - | $18M | |
 Dammam | Private | - | - | $16M | |
 Edmonton | Private | - | - | $16M | |
 Taiwan | Publicly listed | $11M | $1M | $15M | |
 Israel | Publicly listed | $19M | $3M | $21M |
XOi Technologies Public Comps
XOi Technologies is still privately-owned, but its public comps include AoFrio, ThroughTek Co, RZOLV Technologies, Fort Technology, MIND C.T.I., KDA Group, Trident Techlabs, Primech Holdings, ACpay Co and Solutiance.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $48M | $2M | 0.5x | - | 11.8x | - | |||
| $11M | $1M | 0.9x | - | 7.7x | - | |||
| - | ($3M) | - | - | (3.9x) | - | |||
| Fort Technology | $11M | ($6M) | 1.3x | - | (2.4x) | - | ||
| $19M | $3M | 0.4x | - | 3.3x | - | |||
| $119K | ($4M) | 101.6x | - | (2.9x) | - | |||
| $10M | $1M | 2.3x | - | 17.5x | - | |||
| $78M | $2M | 0.4x | - | 20.1x | - | |||
This data is available for Pro users. Sign up to see all XOi Technologies competitors and their valuation data. Start Free Trial | ||||||||
Common questions about XOi Technologies
| When was XOi Technologies founded? | XOi Technologies was founded in 2013. |
| Where is XOi Technologies headquartered? | XOi Technologies is headquartered in Nashville, TN, United States. |
| Is XOi Technologies publicly listed? | No, XOi Technologies is a private, VC-backed company. |
| What is XOi Technologies' valuation? | XOi Technologies was last valued at $17M in its Series B in December 2017. |
| How much funding has XOi Technologies raised? | XOi Technologies has raised $247M across 5 funding rounds. |
| What was XOi Technologies' last funding round? | XOi Technologies' last funding round was a $230M undisclosed-stage round in February 2025, led by KKR. |
| Who are XOi Technologies' investors? | XOi Technologies' investors include Crestlight Ventures, Nashville Capital Network, Vocap Partners, Selous Venture Society, IncWell, KKR, Chattanooga Renaissance Fund, Grotech Ventures and PeakSpan Capital. |
| Which companies are comparable to XOi Technologies? | Companies comparable to XOi Technologies include Fabriq, SwineTech, Watad Digital for Information Technology, Latium Technologies, ThroughTek Co and MIND C.T.I.. |
| How many companies has XOi Technologies acquired? | XOi Technologies has acquired 1 company, including Specifx Data. |
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