Porto-based Infraspeak gets €10 million boost for its pioneering intelligence platform for maintenance and facility management

Founded in Porto in 2015, Infraspeak is on a mission to disrupt the Maintenance and Facilities Management industries by creating a highly flexible, intelligent, integrated platform that adapts to every operation. The young company has just closed a €10 million funding round, co-led by Indico Capital and Knight Capital, and joined by existing investors Innovation Nest and Caixa Capital. 

In 2019, the fast-growing startup successfully secured €3 million and was featured by us as a promising Portuguese tech startup to watch. The young company offers a flexible, fully integrated, and intelligent platform that collects, processes and analyses maintenance data to improve planning and decision making while helping operational teams execute on time within budget. As a result, Infraspeak aims to make the lives of facilities managers and maintenance technicians much easier. 

As cities and buildings are increasingly more complex, clients are becoming more demanding and regulations are becoming stricter – all adding more pressure to operational teams. At the same time, legacy software is increasingly obsolete, becoming no more than systems of records for centralised information.

Infraspeak allows maintenance and facilities management teams to connect their assets, IoT devices and hardware, or even other software solutions to transform all data into real actions through intelligence.

Infraspeak now has offices in Portugal, the UK, Brazil, and Spain, with more than 100 employees worldwide. This is in addition to being trusted by companies such as Siemens, Mitsubishi Electric, Ale-hop, Engie, Penguin FM, IHG Hotels, Hilton Hotels and Keppel Data Centres. The industry disruptors have a client list of over 500 companies in more than 17 counties – managing over 50.000 buildings in hospitality, healthcare, education, transportation, and many other sectors.

Felipe Ávila da Costa, co-founder and CEO of Infraspeak, said: “The future of Facilities Management software is around flexibility, intelligence and integration. Flexibility to allow each team to adapt their software to any kind of operations; Intelligence to proactively transform the thousands of data points collected daily into actionable insights for staff and management; and Integration to allow the plethora of people, processes, IoT and software to intercommunicate efficiently with each other. Infraspeak is now the only platform to consolidate all operational tools and workflows in a single solution, and we are only getting started”.

The fresh funding will enable the company to continue to consolidate its position as one of the market leaders in Europe. Looking to the next phase, the main priorities of the company are to hire top talent and double down on its team by the end of 2022. In addition, the startup has a plan to boost its presence by expanding into the French and DACH markets.