Infraspeak Raises a Total of €17.5m in Series A Funding

• Content
• News
• Infraspeak Raises a Total of €17.5m in Series A Funding

25 July 2023

Infraspeak has secured a Series A extension round of €7.5 million, taking its total Series A round funding to €17.5 million.

The funding will allow the company to continue its recruitment drive and also develop its operations in France and Denmark.

The funding extension was led by Bright Pixel (former Sonae IM), Sonae group's capital risk investment arm. The round comes eighteen months after a €10 million funding round and also includes current investors Caixa Capital and 500 Global.

"We planned to fundraise a series B by mid-2023, but the opportunity to work with Bright Pixel and postpone and enable a more structured fundraising process to mid-2024 was quite attractive."

– Felipe Ávila da Costa

Co-Founder and CEO, Infraspeak

Felipe Ávila da Costa, Co-Founder and CEO of Infraspeak said: “We’re witnessing steady growth across our company and have successfully reinforced our position as category winners. We planned to fundraise a series B by mid-2023, but the opportunity to work with Bright Pixel and postpone and enable a more structured fundraising process to mid-2024 was quite attractive. We want to propel our company forward, focusing on three key objectives that will form the foundation of our success: scaling rapidly and efficiently, establishing ourselves as the global category winners with customer-centric product and services, and nurturing a world-class team that embodies excellence everyday.”

Infraspeak specialises in centralised platforms for any size of facilities management business, offering more than 20 million automations, saving the average facilities manager up to 7 hours a week in admin work. The company works with over 750 businesses globally, including Siemens, Primark, Foster + Partners, Strata, Penguin FM, Sandvik, and Marriott and Wyndham Hotels. They help manage over 180,000 buildings in healthcare, education, transportation, hospitality and many other sectors.

Headquartered in Oporto, Portugal, and with operations in the UK, Spain, France, Brazil, Argentina, Angola and South Africa, Infraspeak’s current team stands at 164 employees worldwide.

Leonor de L’Hermite, Operating Partner at Bright Pixel said: “From the very beginning, Infraspeak has shown an ability to capitalise on opportunities within a market brimming with immense potential. We are excited to support such a strong player in the IMMP space, namely through an ambitious international growth plan backed by a committed and experienced team”.

Picture: a photograph of Infraspeak founders Luís Martins (left) and Felipe Ávila da Costa (right)  Image Credit: Infraspeak

Article written by Ella Tansley | Published 25 July 2023

Share

Related Articles