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Home COUNTRY IBERIA

Porto-based Infraspeak closes €18 million Series B to enable global collaboration in Facilities Management

EU Startupsby EU Startups
October 29, 2024
Reading Time: 3 mins read
in IBERIA, VENTURE CAPITAL
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Infraspeak, an intelligent platform for facilities management, has successfully raised €18 million in an oversubscribed Series B funding round led by growth capital investor Endeit Capital.

Infraspeak currently serves over 60,000 professional users, managing over 240,000 buildings globally. This investment marks a new step in the company’s journey to becoming the global go-to platform for collaborative facilities management.

Imagine if managing a building was as effective as running a fine-tuned orchestra — where everyone, from the building owner to the service provider to the teams in the field, stays connected and aligned while getting things done without the usual headaches like skipping maintenance tasks, struggling to keep communication flowing, and dealing with unexpected breakdowns. That’s precisely what Infraspeak is doing for the facility management world: creating an intelligent platform that makes collaboration seamless, turning complex maintenance operations into an orchestrated effort where everyone confidently plays their part.

“At Infraspeak, we always look at funding rounds as new stepstones to accelerate our growth,” said Felipe Ávila da Costa, co-founder & CEO ofInfraspeak. “We believe that with the new resources available and the expertise of Endeit Capital by our side, we can further revolutionise the facility management industry by allowing everyone involved in the operation of a building to work as one, from the building visitors to the maintenance team, from the audits and compliance team to financial managers, from facility managers to all kinds of service providers, ultimately improving the lives of those using, managing, and maintaining buildings.”

This investment will fuel Infraspeak’s ambitious growth plans, solidifying its position as the European, Latin American, and African leader in maintenance and facilities management software through further expansion into key new markets, including France, the DACH region, and the Nordics.

To make this vision a reality, Infraspeak will invest aggressively in its go-to-market motions, hiring over 100 new team members in 2025 and investing in top talent for key positions such as Chief Revenue Officer, Growth Director, or Enterprise Sales Director.

The funding will also strengthen Infraspeak’s IFM (Inside Facilities Management) Community — now with over 1,000 members — as a global hub for FM content and experiences. Committed to providing FM professionals with opportunities to network and exchange knowledge, IFM offers initiatives like the IFM Tour, which returns in 2025 with 7 events across Europe, South America, and Africa.

“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,” added Martijn Hamann, General Partner at growth capital Endeit Capital. 

He added: “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.”

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

Read the orginal article: https://www.eu-startups.com/2024/10/porto-based-infraspeak-closes-e18-million-series-b-to-enable-global-collaboration-in-facilities-management/

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June 6, 2023

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