Infraspeak nets €10 million

 In News, SME, Venture Capital

The Portuguese Porto-based facilities management startup Infraspeak, which has developed a technical operations management platform for buildings, has closed an investment round of €10 million to expand its operations to France and Germany.

The finance, which is signifiant for the venture capital segment in Portugal, was co-led by Indico Capital and the Dutch VC Knight Capital, as well as the startup’s current investors Innovation Nest and Caixa Capital.
“The future of premises management software is flexibility, intelligence and integration to enable each team to adapt the software to its operations and permit the proactive transformation of thousands of pieces of data collected daily, both for technical and management teams. This integration allows people, processes, sensors and software to communicate effectively with each other,” the CEO and co-founder of Infraspeak, Felipe Ávila da Costa told Jornal Económico.
There are around 500 companies that use Infraspeak technology to manage 50,000 buildings in the hotel, health, education and transport sectors including Siemens, Mitsubishi Electric, Ale-Hop, Engie, Penguin FM, IHG Hotels, Hilton Hotels and Keppel Data Centres among others.
The technology enables building premises maintenance and management teams to link their assets, IoT devices, hardware and software.
Infraspeak has offices in Portugal, the UK, Brazil and Spain and employs around 100 staff. The company’s priority for 2022 is to take on more top talent.