The Venture Codex

Participated · Series B · Oct 2024

Infraspeak builds an all-in-one facilities management platform and a shared workspace called Infraspeak Network that connects facilities teams and external service providers to manage work orders, quotes, onboarding and operational data. The platform centralizes preventive maintenance, contractor communication, cleaning tasks, SLA tracking, and performance reporting to reduce manual processes and miscommunication. The company counts customers including KFC, Intercontinental and Primark and competes with players such as MaintainX, Upkeep and Facilio. Infraspeak employs around 182 people across offices in Porto, London, Barcelona and Florianópolis, with additional remote staff in South America and Europe. With the new funding the company plans to add about 100 hires in 2025, including C-level roles, and to expand further into South America and Africa while maintaining Europe as its core focus. Infraspeak's platform centralizes tailored maintenance management, allowing teams to connect assets, IoT devices, hardware and software and to transform data into immediate actions. It offers more than 20 million automations and says it can save the average facilities manager up to 7 hours a week in administrative work. The company recently launched a market solution to enable seamless collaboration between facilities managers and service providers on procurement and contracted maintenance execution. Infraspeak is trusted by over 750 companies across 30 countries and supports customers including Siemens, Primark, Foster + Partners, Strata, Penguin FM, Sandvik, Marriott and Wyndham Hotels. The platform helps manage over 180,000 buildings across sectors such as healthcare, education, transportation and hospitality. The company plans to use the new funding to recruit team members and expand globally, further developing operations in France and Denmark and accelerating growth in Latin America. Infraspeak provides a facilities maintenance platform that centralizes assets, IoT devices, hardware, and third‑party software to replace legacy systems. The product collects data across multiple points, generates insights, and outputs predictive maintenance recommendations to help technicians and facilities managers minimize downtime and improve customer satisfaction. The company competes in the smart building management space with a specific focus on maintenance. Its technology is present in over 50,000 buildings and its client roster includes Siemens, Mitsubishi Electric, Ale‑hop, Engie, Penguin FM, IHG Hotels, Hilton Hotels and Keppel Data Centres across hospitality, healthcare, education, transportation and other sectors. The €10 million Series A1 round will be used to fund strategic hires and to fuel expansion into the French and DACH markets, bringing total funding to approximately €14.7 million. Founded in 2015 and based in Porto, Infraspeak is using the new capital to drive growth and continental expansion. Infraspeak offers a customizable maintenance platform that automates, optimises and simplifies management processes for maintenance, cleaning and inspections of hotels, shopping centres, hospitals, airports and other buildings. The platform is used by major companies worldwide, including Siemens, Domino’s Pizza, InterContinental Hotels, McDonalds, L’Oreal and Mitsubishi Electric hotels, and supports more than 25,000 customer installations. Founded in 2015 by CTO Luís Martins and CEO Felipe Ávila da Costa, the company has offices in Portugal, the UK, Spain and Brazil, and reports 200% year-on-year growth and consecutive three-digit sales increases over the last three years. Infraspeak has raised a total of €4.6M after completing a €3M seed round following a €1.6M raise last October. The new investment is intended to allow the company to enter new markets and accelerate growth in existing markets including Portugal, Brazil, Spain, the US and the UK. Management says demand for maintenance and infrastructure management software is at an all-time high, and the company and investors plan to build an experienced sales and marketing team to leverage growth. Infraspeak develops a customizable, modular platform designed to make facility management smart by leveraging technologies such as NFC, APIs, apps and sensors. The company serves global customers including Siemens, Domino’s Pizza and Intercontinental Hotels. Founded in 2015 by Felipe Ávila da Costa and Luís Martins and based in Oporto, Portugal, Infraspeak intends to use recent funding to expand into new markets and reinforce its team. Within the next few months the company plans to expand operations in the United Kingdom, Spain and France. The article does not report revenue or user metrics; the announced financing is intended to support geographic and team growth.

Participated · Series A · Jul 2024

Meisterwerk App is a Berlin-based platform that digitizes and coordinates workflows for craft businesses, making project information available on mobile and desktop. The app maps the entire value chain—including quotation, invoicing and personnel management—and enables users to document work with photos, track hours, fill forms and exchange messages. It serves over 600 craft businesses across the DACH region. The company will use the €6M Series A to further develop and optimise its digital solutions and support DACH expansion, aiming to become the central operating system for craft businesses in Europe. Meisterwerk says it will go beyond standard ERP systems by adding bespoke financial solutions and advanced AI automation to streamline operations and financial management. The business was founded at the end of 2018 by Bertram Wildenauer and Nick Sonnenberg, who combine craft experience with digital product expertise.

Participated · Series A · Oct 2023

AI Clearing is an Austin, TX–based AI company offering an autonomous construction progress tracking and quality-control platform. Its technology uses artificial intelligence to enable contractors, owners, and lenders to accurately track construction progress and quality in real time. The company is led by CEO Michael Mazur and CTO Adam Wisniewski. AI Clearing raised $14M in a Series A round led by Prudence with participation from FJ Labs and existing investors Tera Ventures, Inovo, and Innovation Nest. Jordan Viniar of Prudence will join the company's board of directors. The company intends to use the funds to expand its sales and client success teams across the United States, Western Europe, and the Gulf region. AI Clearing provides an artificial intelligence solution that monitors the progress of infrastructure projects to ensure production is on track, on time and aligned with designs. Its system analyzes overhead images, geospatial data and CAD/BIM designs to help contractors detect errors and fraud. Technology was developed at the company’s R&D center in Warsaw, Poland. The company serves North American and European contractors, with clients including PCL Construction and Vinci Group. Led by CEO and co-founder Michael Mazur and CTO and co-founder Adam Wisniewski, AI Clearing plans to accelerate development of its solution using the newly raised funds. The company raised funding to support product development and market deployment.

Participated · Series A · Sep 2023

Kenjo builds a suite of HR and employee engagement software tailored to frontline workers at small and medium-sized businesses. Its product targets sectors including manufacturing, healthcare, logistics and retail. The company emphasizes tools to help HR managers be more efficient and to improve company culture and employee development. Kenjo plans to expand its offering beyond Europe and is pursuing growth in the LATAM region, a move it began last year. The company raised €8.8M in a Series A to support product innovation and expansion. CEO David Padilla said the funding will allow Kenjo to continue product development and reinforce its commitment to supporting HR teams. Kenjo provides a full-service HR and culture platform that automates administrative work and gives a single-view access to core employee information. The software targets small and medium-size businesses (up to 1,000 employees) and enables employees to take ownership of their professional development. It helps HR professionals manage vacation schedules, personnel evaluations, performance management, employee happiness and payroll accounting. The platform also supports recruitment and onboarding of new hires. Led by cofounder and CEO David Padilla, the company plans to use recent funding to further product development.

Participated · Series A · Nov 2022

Antavo is a London, UK-based provider of an enterprise loyalty cloud platform. Its no-code, API-centric platform enables loyalty and marketing teams to build and run custom experience-based, paid, and lifestyle loyalty programs online, in-store, or on mobile without IT support. The company issues quarterly product releases and reinvests 60% of its revenue into product development. Global clients include BMW, KFC and Kathmandu, and it serves businesses across air travel, pharma and fashion. Antavo intends to use new funding to accelerate international expansion, expand omnichannel capabilities and integrate with more apps and platforms. Leadership includes CEO Attila Kecsmar and Chief Strategy Officer Zsuzsa Kecsmar.