Infraspeak, an Oporto, Portugal-based intelligent maintenance management platform, raised €7.5 million in a Series A extension round led by Bright Pixel, bringing its total raised in its Series A round to €17.5 million.
The funds will help the Portugal company accelerate its growth and expansion plans as well as drive impactful innovations within the organization.
The funding will be utilized to expand the company's team and fuel its global expansion. Infraspeak plans to reinforce its position as a leader in Europe by developing its operations in France and Denmark and accelerating its growth in Latin America.
In addition to its maintenance management platform, Infraspeak recently launched a unique market solution that enables seamless collaboration between facilities managers and service providers during procurement processes and contracted maintenance work execution.
Felipe Ávila da Costa, co-founder and CEO of Infraspeak, explained: “We’re witnessing steady growth across our company and have successfully reinforced our position as category winners. We planned to fundraise a series B by mid-2023, but the opportunity to work with Bright Pixel and postpone and enable a more structured fundraising process to mid-2024 was quite attractive. We want to propel our company forward, focusing on three key objectives that will form the foundation of our success: scaling rapidly and efficiently, establishing ourselves as the global category winners with customer-centric products and services, and nurturing a world-class team that embodies excellence every day.”
Company: INFRASPEAK, S.A.
Round: Series A Extension
Funding Month: July 2023
Lead Investors: Bright Pixel
Company Website: https://infraspeak.com/
Software Category: Intelligent Maintenance Management Platform (IMMP)
About the Company: Founded by Luis Martins and Felipe Ávila da Costa, Infraspeak is a Global SaaS company that offers centralized and tailored maintenance management solutions for companies of all sizes. The platform allows teams to seamlessly connect their assets, IoT devices, hardware, and software, transforming data into actionable insights. The company has gained the trust of over 750 companies across 30 countries, including renowned clients such as Siemens, Primark, Foster + Partners, Strata, Penguin FM, Sandvik, Marriott, and Wyndham Hotels. Headquartered in Oporto, Portugal, Infraspeak operates in the United Kingdom, Spain, France, Brazil, Argentina, Angola, and South Africa, with a current team of 164 employees worldwide.