Spain’s Fracttal raises €29.8 million to expand maintenance platform across Europe and LATAM

Madrid-based Fracttal, an AI-powered maintenance solution provider, has closed a €29.8 million ($35 million) funding round to to accelerate its growth across Europe and Latin America, including key markets such as Mexico, Brazil, Spain, and France.

The round was led by Riverwood Capital, with participation from all existing investors including Seaya Ventures, Kayyak, GoHub, and Amador.

Christian Struve, CEO and co-founder of Fracttal, explains: “Fracttal was born from the conviction that maintenance must move from reactivity to proactivity, and be a driver of significant operational efficiency gains. It should be a source of intelligence and safety, not a burden. Long before launching Fracttal, we saw thousands of companies struggling with manual processes and outdated spreadsheets, and we knew there was a better way.

“Today, AI is accelerating this shift, and Fracttal is at the forefront with a platform built on predictive and agentic capabilities that transform maintenance into a competitive advantage.”

In the context of 2025 funding, Fracttal’s new round represents one of the larger European investments in AI-enabled maintenance and asset-management software in the past year.

Earlier in 2025, Munich-based remberg raised €15 million to expand its AI-powered industrial maintenance platform across Europe, highlighting sustained investor interest in predictive and proactive maintenance solutions. This was complemented by Stockholm-based IPercept, which secured €5 million to scale its predictive AI platform focused on machine efficiency in manufacturing environments.

In adjacent enterprise and asset-operations segments, London-based Conduct raised €11.2 million to modernise legacy enterprise IT systems using AI, while smaller rounds went to facilities and building-management technology providers such as UK-based Tyten (€0.86 million), Switzerland’s viboo (€3.3 million), and Estonia’s Bisly (€4.3 million).

Taken together, these rounds amount to roughly €69 million invested across AI-driven maintenance, asset management and adjacent operational software categories, positioning Fracttal’s raise as a significant contribution within a steadily active European funding landscape for industrial and facilities-focused AI platforms.

Christian stresses that the industry is undergoing a historic transformation: “Today, artificial intelligence and the proliferation of industrial sensors are opening possibilities that were unthinkable just a decade ago. We can now understand the condition of an asset before it fails, learn from every operation and empower maintenance teams to make faster, better decisions. That is the future we build every day at Fracttal thanks to our platform and our commitment to true Maintenance Intelligence.”

Founded in 2015, Fracttal specialises in AI-powered maintenance management and physical asset software, with a global presence and more than 1,500 customers.

Its Fracttal One AI-powered solution, centralises maintenance operations through open integrations with any enterprise system and third-party IOT sensors, as well as its proprietary portfolio of IoT hardware.

Complemented by its IoT device line, Fracttal Sense, the company aims to enable organisations to operate with greater efficiency, safety, and sustainability, becoming a technological partner that connects data, people, and assets across modern industry.

Fracttal currently manages over 20 million registered assets and is active in 60+ countries. Customers operate in the manufacturing and facilities maintenance industries and include Iberostar, Acciona, Veolia, Coca-Cola and FedEx.

Riverwood Capital co-founder and Managing Partner Francisco Alvarez-Demalde commented: “Maintenance is one of the largest and most mission-critical functions across industrial and infrastructure sectors, yet it has historically been underserved by modern software. Fracttal has developed a world-class, AI-driven platform with the technological depth needed to transform how organisations manage complex, distributed assets.”

A significant portion of the investment will be allocated to product development, with a strong focus on enhanced AI and agentic capabilities, IoT sensor technologies, and advanced vertical functionalities.

Fracttal will also invest in scaling its teams across engineering, data science, product, sales, marketing, and customer success, while strengthening the internal structure needed to scale sustainably.

In parallel, the company will actively pursue inorganic growth opportunities, including strategic acquisitions and partnerships.

Pablo Pedrejón, Partner at Seaya Ventures and an early investor in Fracttal, added that execution has been key to the company’s trajectory: “We invested in Fracttal early because the team combined deep domain knowledge with the ability to execute over the long term. Since then, they’ve consistently delivered on their roadmap, expanded internationally, and built a platform that solves real, operationally critical problems. This next phase is about scaling that impact globally.”

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