Infraspeak Raises €18m in Series B Funding

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• Infraspeak Raises €18m in Series B Funding

29 October 2024

FM software start up Infraspeak has raised €18 million in a Series B funding round led by investor Endeit Capital.

Existing investors Bright Pixel Capital, Caixa Capital, Indico Capital Partners and Innovation Nest also participated in the round.

Infraspeak plans to use the investment to hire over 100 new team members in 2025, including Chief Revenue Officer, Growth Director, or Enterprise Sales Director roles. The funding will also allow the business to expand into new markets in France, the DACH region, and the Nordics.

Headquartered in Oporto, Portugal, and with operations in the UK, Spain, France, Brazil, Argentina, Angola and South Africa, Infraspeak manages over 240,000 buildings globally, including those from companies such as Teleperformance, Primark, Group Nexus, Strata, Penguin FM, Edyn Group, and Intercontinental Hotels.

Felipe Ávila da Costa, Co-Founder & CEO of Infraspeak said: “The new funding will allow us to improve integration across all building operations, enhancing communication between facility managers, maintenance teams, and other stakeholders to boost efficiency.”

Martijn Hamann, General Partner at Endeit Capital added:  “We are proud to lead this round and support Infraspeak as they redefine the facilities management industry, particularly in the context of the 'future of work,' which focuses on digital transformation and enhanced productivity of modern Work, Workforce and Workplaces. 

“Infraspeak has developed a platform solution that goes beyond traditional facilities management by connecting every key player involved in the operation of a building, from facility managers, frontline maintenance teams, to service providers. We see tremendous potential in Infraspeak's ability to revolutionise and digitalise how facilities are maintained. This aligns with our focus on fostering innovation and digital transformation in industries with critical infrastructure needs.”

Picture: a photograph of Felipe Ávila da Costa (left) and Luís Martins, Founder and VP of Product. Between them is a small dog. Image Credit: Infraspeak

Article written by Ella Tansley | Published 29 October 2024

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