Why was Fixiest accepted?
FasterCapital has accepted Fixiest into its incubation program due to the strong potential and dedication of the startup's team. Fixiest has identified a common everyday problem and has developed a convenient and simple solution to address it. The idea of linking customers directly with service providers through a mobile and web platform is innovative and has the potential to disrupt the traditional way of seeking help for home problems. By allowing users to easily report their issues and find the closest repairman, Fixiest is streamlining the process and making it more efficient. The team behind Fixiest, led by CEO and Founder Peter Blakey, has demonstrated their commitment to turning their idea into a successful product. They have already received positive testimonials from their collaboration with FasterCapital, highlighting the professionalism and task orientation of the team. With the support and guidance of FasterCapital, Fixiest has been able to raise significant funding and improve their marketing strategies, positioning themselves for growth in the global market. FasterCapital recognizes the potential of Fixiest's solution and believes in their ability to succeed in the competitive mobile app software lifestyle industry.
Progress with FasterCapital
Business Analysis
FasterCapital played a vital role in assisting Fixiest with business analysis, offering insights into the target market, competition, and industry trends. This helped Fixiest develop a unique value proposition and identify key app features to stand out in the market.
Funding and Planning
FasterCapital significantly aided Fixiest in securing $2.2 million during its Series A funding round. Through our Raise Capital program, we connected them with potential investors and provided guidance on pitch decks, business models, and financial projections.
Launching the product
As a technical co-founder, FasterCapital supported Fixiest in designing and developing their mobile and web platforms, ensuring a seamless user experience. Our project management expertise helped launch the product on time and within budget, driving market traction.
Services Provided
FasterCapital provided a range of services to Fixiest through its different programs, helping the startup achieve its goals and grow its business.
In the Grow your Startup program, FasterCapital helped Fixiest penetrate new markets by utilizing its own internal sales team. This team worked closely with Fixiest to develop market entry strategies and expand into the growing C2C repairing market. By leveraging FasterCapital's sales expertise and network, Fixiest was able to reach many interested customers and increase its market presence.
FasterCapital also provided various other services to Fixiest, including business plan writing, pitch deck preparation, and financial modeling. These services helped Fixiest present a compelling case to potential investors and secure funding for its operations. Additionally, FasterCapital assisted with funding planning, matching Fixiest with angels and VCs, and negotiating with investors. This support was crucial in helping Fixiest successfully raise $300K in funding.
Furthermore, FasterCapital played a key role in building the Fixiest product. As a technical co-founder, FasterCapital provided technical development and added new features to the mobile and web solution. This collaboration ensured that Fixiest had a high-quality product that met the needs of its customers.
In terms of sales and marketing, FasterCapital offered content marketing services to help Fixiest promote its services effectively. This included creating engaging and informative content to attract and engage potential customers. Additionally, FasterCapital provided sales as a service, assisting Fixiest in developing and implementing sales strategies to drive growth and acquire new customers.
Lastly, FasterCapital provided startup valuation services, helping Fixiest determine its worth and understand its financial standing. This information was valuable for attracting investors and making informed business decisions.
Overall, the range of services provided by FasterCapital supported Fixiest in various areas of its business, including market expansion, funding, product development, sales and marketing, and financial planning. These services were instrumental in helping Fixiest achieve its goals and grow as a startup.
Interview with Founder of Fixiest: Peter Blakey
The team at FasterCapital has held an interview with the founder at Fixiest about their experience building the business and working with FasterCapital.
FasterCapital: Hello Peter, thank you for joining us today. We would like to learn more about Fixiest and the challenges you have faced as a founder. Let's start by discussing the challenges you encountered in moving the service provider sector from direct contacts to an electronic form. How did you overcome this challenge?
Peter: Thank you for having me. Moving the service provider sector to an electronic form was indeed a challenge. We had to convince both customers and service providers to adapt to our platform. We tackled this challenge by investing in user-friendly app and website interfaces, making it easy for both parties to navigate and use the platform. Additionally, we implemented a robust marketing strategy to create awareness and educate users about the benefits of using Fixiest. FasterCapital played a crucial role in helping us refine our marketing strategies and reach a wider audience.
FasterCapital: That's great to hear. Can you tell us about the strategies you implemented to improve your marketing and venture into global markets? How did FasterCapital assist you in this process?
Peter: We realized that in order to grow our startup, we needed to expand our reach beyond our local market. FasterCapital helped us build our market entry strategies and provided valuable insights and guidance on entering global markets. We refined our marketing campaigns to target specific regions and demographics, ensuring that our message reached the right audience. Additionally, FasterCapital provided us with networking opportunities, allowing us to connect with potential partners and investors in different markets. This support was instrumental in our successful expansion into the growing C2C repairing market.
FasterCapital: Moving on to funding, can you tell us about the challenges you faced in raising capital and how FasterCapital assisted you in overcoming them?
Peter: Raising capital is always a challenge, especially for startups. We had been in contact with many angels in the US, but were struggling to secure funding. FasterCapital helped us identify our weak spots and provided us with tools and resources to improve our fundraising efforts. Through their Raise Capital program, they connected us with potential investors and provided us with guidance on pitching our startup effectively. As a result, we were able to successfully raise $300,000 in our second round of funding. FasterCapital's support and expertise were invaluable in this process.
FasterCapital: That's impressive. Can you tell us more about the role FasterCapital played as your technical co-founder?
Peter: FasterCapital acted as our technical co-founder, providing us with technical development in exchange for equity in Fixiest. They helped us refine our product and add new features based on user feedback and market trends. Their team of experienced developers and engineers worked closely with us to ensure that our platform was robust, scalable, and user-friendly. This partnership allowed us to focus on other aspects of our startup while knowing that our technical needs were in capable hands.
FasterCapital: Can you share any specific success stories or milestones that Fixiest has achieved with the support of FasterCapital?
Peter: Absolutely. One of the major milestones we achieved with FasterCapital's support was closing our Series A funding of $2.2 million. FasterCapital played a crucial role in connecting us with potential investors and guiding us through the fundraising process. This funding has allowed us to further expand our operations, enhance our platform, and reach a larger customer base. It's a testament to the effectiveness of FasterCapital's programs and the value they bring to startups like ours.
FasterCapital: Lastly, what advice would you give to aspiring entrepreneurs who are just starting their journey?
Peter: My advice would be to surround yourself with a strong support network, whether it's through programs like FasterCapital or through mentors and advisors. Building a startup is challenging, and having the right guidance and support can make a world of difference. Additionally, be open to feedback and continuously iterate on your ideas and strategies. The entrepreneurial journey is a learning process, and it's important to adapt and evolve along the way. And most importantly, believe in yourself and your vision. Confidence and perseverance are key in overcoming the inevitable challenges that come with building a startup.
FasterCapital: Thank you, Peter, for sharing your insights and experiences with us. It's been a pleasure talking to you and learning about Fixiest's journey.
Peter: Thank you for having me. It was my pleasure to share our story.
About Fixiest
Founded by Peter Blakey, has demonstrated their commitment to turning their idea into a successful product. They have already received positive testimonials from their collaboration with FasterCapital, highlighting the professionalism and task orientation of the team. With the support and guidance of FasterCapital, Fixiest has been able to raise significant funding and improve their marketing strategies, positioning themselves for growth in the global market. FasterCapital recognizes the potential of Fixiest's solution and believes in their ability to succeed in the competitive mobile app software lifestyle industry.
Fixiest joined the Tech Cofounder and the Grow your Startup programs by FasterCapital in 2018. FasterCapital incubated the startup from early on, reviewed the business plan, and suggested many improvements. The technical team then worked with the team at Fixiest to build and improve the technical products. In the Grow your Startup program, FasterCapital has offered sales and marketing consultancy and supported the startup which is based in the USA increase its sales and enter new markets.
Fixiest's solution revolves around allowing people to seek help from workers through a mobile app and website. Users can report their problems and find the closest repairman or service provider to help them. By providing a convenient and accessible platform, Fixiest aims to simplify the process of finding and hiring service providers for various tasks. This solution not only benefits customers who need services but also provides service providers with a smart tool to find new opportunities and expand their client base without any additional costs.
Read more about Fixiest