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Indico backs Infraspeak

Dear Friends and Supporters,

So, we kept this under wraps for a couple of months but here it is - our latest investment! Digital transformation is software like Infraspeak being used all over the world to make life easier for maintenance crews working in all sorts of facilities. Next time you see the air conditioning guys ask them if they are already using Infraspeak!

Stephan Morais
Managing General Partner
Indico Capital Partners
www.indicocapital.com

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”.

About Indico Capital Partners
Indico Capital Partners is a leading institutional independent early stage VC fund in Portugal. The experienced Partner team works to identify, invest and nurture the most promising early stage startups in the areas of B2B SaaS, Artificial Intelligence, Marketplaces, Fintech and Cybersecurity and B2C Platforms. Indico invests between 150 thousand and 5 million Euros per company.


Horizon 2020, EFSI and Portugal Tech
Indico VC Fund I is supported by InnovFin Equity, with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Funds for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing. It is also co-financed by Fundo de Capital e Quase Capital (FC&QC) managed by IFD - Instituição Financeira de Desenvolvimento, S.A. through the Portugal Tech facility managed by the European Investment Fund (EIF).


For further information:
press@indicocapital.com
https://www.indicocapital.com/

Copyright © 2019 Indico Capital Partners, All rights reserved.


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