Facilities management may not be the most exciting topic, but it is crucial for any business with physical premises. As a company’s footprint expands, managing facilities becomes more complex. In response to this challenge, Portuguese startup Infraspeak has developed an all-in-one platform that provides facility managers and service providers with insights and operational control over their locations.
Founded in 2015, Infraspeak has already raised approximately $20 million in funding and counts big-name customers like KFC, Intercontinental, and Primark. To support its next phase of growth, the Porto-based startup recently announced that it has secured an additional €18 million ($19.5 million) in Series B funding.
Managing facilities involves coordinating various departments, equipment, and contractors across different disciplines such as maintenance and cleaning. Infraspeak’s CEO, Felipe Ávila da Costa, highlighted the challenges faced by facility managers in tracking preventive maintenance schedules, work orders, cleaning tasks, contractor communication, air quality management, and more while ensuring compliance with health and safety standards.
Traditionally, companies have managed these tasks manually or with disparate systems that were prone to errors. Infraspeak aims to streamline these processes by providing a centralized platform, the Infraspeak Network, where all stakeholders can collaborate. This shared workspace allows facility managers, staff, and contractors to work together seamlessly, reducing miscommunication and bottlenecks.
Despite the rise of remote work, the demand for technology to manage commercial buildings remains high. Infraspeak’s cloud-based facilities management software is essential for operational managers to control multiple facilities remotely. The COVID-19 pandemic has underscored the importance of managing building occupancy, enforcing health and safety protocols, and adjusting cleaning schedules based on space usage.
Infraspeak faces competition from other startups in the facilities management space, indicating a growing demand for better tools in this industry. The complexity of managing modern buildings, coupled with the need to meet sustainability and ESG targets, drives this demand. Infraspeak plans to use its recent funding to expand its team and continue its growth in Europe, South America, and Africa.
With over 180 employees across multiple offices, Infraspeak is poised for further expansion. The company aims to enter the U.S. market in the future, possibly through another funding round. The Series B funding was led by Endeit Capital, with participation from other investors like Bright Pixel Capital and Caixa Capital.
In conclusion, Infraspeak’s latest funding round will enable the company to enhance its facilities management platform and expand its presence globally. By addressing the complexities of managing modern buildings and the increasing focus on sustainability, Infraspeak is well-positioned for future growth and success.
