HomeFundingPorto-based proptech startup Infraspeak raises €3 million for its building maintenance platform

Porto-based proptech startup Infraspeak raises €3 million for its building maintenance platform

Porto-based startup Infraspeak is a customisable maintenance platform that automates, optimises and simplifies management processes for maintenance, cleaning and inspections of buildings such as hotels, shopping centres, hospitals and airports. We featured Infraspeak as one of our 10 Porto-based startups to look out for in 2019 and beyond.

After raising €1.6 million last October with the participation of firstminute capital, Innovation Nest and Construtech Ventures, Infraspeak has completed its seed investment round by raising €3 million, bringing the total raised by the startup to €4.6 million.

Founded in 2015, the startup is already working with major companies worldwide including Siemens, Domino’s Pizza, and InterContinental Hotels, helping them to run their maintenance processes more efficiently and reducing bureaucracy. Infraspeak currently has offices in Portugal, the UK, Spain, and Brazil, and reports 200% year-on-year growth.

This investment will allow the company to enter new markets and to accelerate its growth in markets where it is already present, such as Portugal, Brazil, Spain, the US and the UK, where they already serve more than 25,000 customer installations for companies including Intercontinental, Sheraton, Siemens, McDonalds, L’Oreal and Mitsubishi Electric hotels.

Founded by Luís Martins (CTO) and Felipe Ávila da Costa (CEO), the company has increased its sales consecutively over the last three years by three digits.

“The Indico team has been supporting Infraspeak since the beginning of our company, so it is a great pleasure to have your network and experience now, at a time when the focus is on expanding the business globally,” said Felipe Ávila da Costa. “Demand for maintenance and infrastructure management software is at an all-time high, so the faster we move to more markets, the more likely we are to achieve our vision of being the industry’s global benchmark.”

“We were the first investors to believe in the Infraspeak team along with the American 500 Startups accelerator when they started a few years ago, by which time the company already had impressive metrics,” said Stephan Morais, managing director of Indico. “It is with great pleasure that we are back in the company at a time when the solution already has a global presence. In particular, we will focus a lot on continuing to build an experienced sales and marketing team to leverage growth in this next phase.”

Mary Loritz
Mary Loritz
Mary served as Head of Content at EU-Startups.com from November 2018 until November 2019. She is an experienced journalist and researcher covering tech and business topics.

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