XOi Technologies Announces $11 million Series C Financing
Financing led by PeakSpan Capital
NASHVILLE, Tenn. — XOi Technologies, a Nashville-based provider of field service communication solutions, announced the completion of its Series C financing round. The $11 million round was led by PeakSpan Capital with participation by Grotech Ventures, as well as Series B investors, Vocap Investment Partners, and Nashville Capital Network.
“We started XOi Technologies after living through major communication and workforce optimization issues in our prior manufacturing and construction businesses,” said XOi Technologies CEO Aaron Salow. “Digging deeper, we learned that the real threat was the growing skilled trades gap. Experienced techs are retiring, and that experience isn’t being replaced fast enough. Field service companies are asking, ‘How do we survive, much less grow, in a skilled trades shortage?’ That question is what drives us every day.”