Fixed, a mobile app which allows users to protest parking tickets, has raised $1.2 million in seed funding from Y Combinator, Merus Capital and other angel investors. Users can upload a photo of a parking ticket and evidence of why it was not properly issued, and Fixed will take the case to the local government. The company charges 25% of the fine if the user is successful in the appeal. Fixed will use the funds to hire additional staff and increase marketing.
IT services provider iTOK, has raised $18 million in Series B funding, in a round led by ABS Capital Partners with participation from Signal Peak Ventures. Founded in 2004, iTOK provides IT customer support for small businesses and will use the new funds to expand its marketing efforts and bank new products. “Consumers and small businesses must navigate complex digital environments as our dependency on technology grows. They require sophisticated solutions and proactive service in order to have reliability and security,” said co-founder and CEO Seth Bailey.
NextNav, a location services provider, has raised a Series D funding round worth $70 million. New Enterprise Associates and Oak Investment Partners led the round, with participation from Columbia Capital, Telecom Ventures and Goldman Sachs. NextNav has raised nearly $100 since being founded in 2007 and will use the funds to improve its positioning network. The company specializes in providing locations services in urban environments and indoors.
Decision Lens, which provides resource optimization solutions, has completed a $6.5 million round of funding which included a $4.4 million Series A round led by Vision Thinkers and $2.1 million in debt. The company will use the funds to invest in product development, marketing and sales. “During 2014, Decision Lens has experienced its greatest revenue growth ever, and that can be attributed to our technology platform finally hitting its stride among large enterprises. They are witnessing first-hand how invaluable the solution can be for the future of their business,” said John Kealey, CEO of Decision Lens.