Innovative facility management SaaS company raises €3M
Porto, October 22nd, 2019 - Indico Capital Partners just announced its latest investment in Infraspeak. The Porto based startup provides a mobile-first facility management software that automates, speeds up and simplifies all the processes essential for managers and technicians to run complex buildings such as hotels, shopping malls, hospitals and airports.
After raising 1.6 million euros last October from firstminute capital (UK), Innovation Nest (Poland) and Construtech Ventures (Brazil), Infraspeak now completes its seed funding with an additional 3 million Euros investment (4.6 million euros in total) that will allow the company to accelerate its growth in new European markets as well as the consolidation of its presence in Portugal, Brazil, Spain, the US and the United Kingdom, where they’ve been successfully serving over 25,000 buildings for clients such as Intercontinental Hotels, Sheraton, Siemens, McDonald’s, L’Oréal, Mitsubishi Electric among others.
Founded in 2015, as the brainchild of Luís Martins (CTO) and Felipe Ávila da Costa (CEO), the company has seen remarkable revenue growth experiencing triple digit sales increase in the past 3 years.
Felipe Ávila da Costa, noted that “Indico Capital Partners has been supporting Infraspeak since forever, so it is a great pleasure to count with their network and expertise as part of our core team as we keep scaling our business globally. The demand for Facility Management Software is at an all-time high so the faster we move to more markets the higher our probability to achieve our vision of becoming the global reference solution for this huge market.”.
Stephan Morais, Managing General Partner at Indico stated that “We were the first to back Infraspeak together with 500 Startups when they just started a few years ago and at that time the company already had impressive metrics. It is great to be back in the company and they now have an initial global footprint which we will endeavor to support, namely by helping them build a top-notch global sales and marketing team”.