Infraspeak Backed by €10 Million Funding Round

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08 December 2021 | Updated 09 December 2021

Porto-based maintenance and FM platform Infraspeak has raised a €10 million (Series A1) round of funding.

Founded in 2015, Infraspeak’s platform is used by clients such as Siemens, Mitsubishi Electric, Ale-hop, Engie, Penguin FM, IHG Hotels, Hilton Hotels and Keppel Data Centres.

Co-led by Indico Capital and Knight Capital, and joined by existing investors Innovation Nest and Caixa Capital, the funding round will allow the company to consolidate its leadership in the European market.

There will be a particular focus on targeting French and DACH markets.

Other priorities include hiring top talent (the company is looking to double down on its team until the end of 2022), boosting Infraspeak's platform vision.

“The facility management industry is a large yet underexplored market by technology startups. Infraspeak, as the leading European innovator, has managed to build an operating system that enables the facility management industry to act on its digital transformation objectives, ESG goals and digitize the frontline workforce."

–Arthur Nobel

Principal, Knight Capital

Property Management Data

Infraspeak allows maintenance and facilities management teams to connect their assets, IoT devices and hardware, or even other software solutions to transform all data into real actions through intelligence.

“The future of facilities management software is around flexibility, intelligence and integration. Flexibility to allow each team to adapt their software to any kind of operations; Intelligence to proactively transform the thousands of data points collected daily into actionable insights for staff and management; and integration to allow the plethora of people, processes, IoT and software to intercommunicate efficiently with each other. Infraspeak is now the only platform to consolidate all operational tools and workflows in a single solution, and we are only getting started”, explained Felipe Ávila da Costa, co-founder and CEO of Infraspeak.

Stephan Morais, Managing General Partner of Indico Capital, commented: "Digitising a sector that still relies on outdated solutions to run complex operations was an opportunity that made us back Infraspeak from day one. The post-pandemic fast adoption of digital solutions by the facilities management industry coupled with Infraspeak’s truly superior product, unmatched globally, gives us great encouragement to continue to back the company".

“The facility management industry is a large yet underexplored market by technology startups. Infraspeak, as the leading European innovator, has managed to build an operating system that enables the facility management industry to act on its digital transformation objectives, ESG goals and digitize the frontline workforce. We are fortunate to back Felipe and Luis, and believe in a future where the facility management ecosystem collaborates on Infraspeak”, stated Arthur Nobel, Principal at Knight Capital.

Infraspeak at ThisWeekinFM's Facilities & Workplace Networking Club 2022

Infraspeak is a proud sponsor of ThisWeekinFM's next Facilities & Workplace Networking Club event in February 2022.

This is a laidback networking event for FM and workplace professionals, drawn from a broad cross-section of organisations and disciplines. It's also an excellent opportunity to meet with ThisWeekinFM's editorial team and discuss how to promote your product or service to our audience. 

Held at M on Threadneedle Street on Thursday 10th February 2022 from 17:00 to 19:30 (BST), a limited number of tickets are available now. To read more about what to expect, and how to book your ticket, click here. 

Picture: a photograph of a hand reaching up to a screen to touch it with a finger. Icons indicating maintenance and communication are shown.

Article written by Ella Tansley | Published 08 December 2021

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