U.S. field service communication solutions provider XOi Technologies has raised $11 million in its Series C investment round.
Led by U.S. growth-stage investment firm PeakSpan Capital, the round was also joined by Grotech Ventures and existing backers, Vocap Investment Partners and Nashville Capital Network.
XOi Technologies will use the new capital to further expand its integration partnerships and key customer account acquisitions.
Additionally, the company also plans to invest the new funds in talent, by adding dozens of new team members over the next six months as it expands marketing, sales, customer success, and engineering.