Portuguese tech startup Infraspeak locks in funding


Portuguese tech startup Infraspeak has secured 1.6 million euros in funding. Firstminute Capital and Innovation Nest led the round.

PRESS RELEASE

16th October, 2018 –– In yet another growth phase, Infraspeak, a Portuguese tech startup, has been invested in by top international investors firstminute capital (United Kingdom), Innovation Nest (Poland), Construtech Ventures (Brazil), 500 Startups (USA) and Caixa Capital (Portugal).

The company, which has grown more than 200% over the last year, will focus on expanding into new markets and reinforcing its team.

Infraspeak, founded by Felipe Ávila da Costa and Luís Martins in 2015, develops a fully customisable, modular platform designed to make facility management smarter by using innovative technologies such as NFC, APIs, apps and sensors, making the work and lives of both managers and technicians significantly easier and more efficient, with less stress, less paper and lower costs. The project represents the increasing need and receptivity to invest in empowering the workforce through technology, manifested by the decisionmakers in deskless industries – namely those of facility management and hospitality – who are already benefiting from the Infraspeak Platform.
Infraspeak global customers, which span six nations, include Siemens, Domino’s Pizza and Intercontinental Hotels.

“After three years focusing on product development, acquisition of renowned customers and putting together a team which we are proud of, it is now the time to aim for new heights. We reached the right partners to get Infraspeak into new international markets and we couldn’t be prouder of having some of the world’s biggest investors supporting us in this project”, says Felipe Ávila da Costa, co-founder and CEO of Infraspeak.

“We see great potential in digital solutions for industries that are still predominantly paper-based. Infraspeak’s vision for creating both a two-sided marketplace and a system of record for facility management and maintenance across hotels, hospitals, and other non-residential property felt compelling and timely. firstminute is strategically well-positioned to help Infraspeak capture the European market with by positioning it at the intersection of the entrepreneurial and corporate ecosystems.” says Lina Wenner, investor at firstminute capital.

Within the next few months, Infraspeak will expand its operations in the United Kingdom, Spain and France, which will have a positive impact on the company’s growth. To support this, the startup currently has 10 open job positions and plans to open more until the end of 2018.

In order to better address the needs of its users, Infraspeak prioritises the evolution of the platform and the development of new products, such as the Infraspeak Market, first introduced on 19 September, in Madeira, in the context of the Everything Works Tour 2018, a series of events promoted by Infraspeak in 7 cities of 4 countries (Portugal, England, Spain and Brazil).

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