4 SaaS Startups in the Facility Management Industry

January 24, 2023

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SaaS startups have become the darling of Venture Capital investors, especially in the Facility Management industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 4 VC funded SaaS startups in the Facility Management industry.

Frontu (formerly Tasker)

A versatile and efficient tool for managing activities, procedures, and staff is Frontu. It connects your office employees with your field service representatives in real time and is designed for companies with mobile workforces. Your field service professional uses a customized app on his Android device, and your office employee handles the process through the online portal.

Company details:
Founders:
Arunas Eitutis, Paulius Lazauskas
Founded:
2014
Based in:
Kaunas, Kauno Apskritis, Lithuania
Industries:
AgTech, Building Maintenance, Facility Management, SaaS, Security, Service Industry, Software
Latest funding:
$646,407
Seed
24 August 2021
Total funding:
$2,523,901
Investors
LT Capital, iTo, Open Circle Capital, Kair Käsper, Tele2

Infraspeak

We are Infraspeak, a leading worldwide technology firm that is revolutionizing the facilities management industry with an innovative platform for intelligent maintenance management. In order to fulfill our purpose of being a source of good living for our community, our customers, and our partners, we provide facilities and maintenance management teams with the technologies they need to tackle their own, specific obstacles. At Infraspeak, we've always recognized the value of intelligence, adaptability, and connectedness while attempting to compete in a world that is getting more complicated and demanding. We take pleasure in our ability to provide a solution for teams of various sizes across a variety of sectors today. Infraspeak is the intelligent maintenance management system that transforms challenging maintenance operations into a world of data, automation, and high performance. It is used by business owners, maintenance and facility managers, and technicians to deliver the best service possible, as expected, and on time.

Company details:
Founders:
Felipe Ávila da Costa, Luís Martins
Founded:
2015
Based in:
Oporto, Porto, Portugal
Website:
Infraspeak
Industries:
Asset Management, Facility Management, Information Technology, Internet of Things, Property Management, SaaS, Software
Latest funding:
$11,283,816
Series A
6 December 2021
Total funding:
$16,724,934
Investors
500 Global, Indico Capital Partners, Innovation Nest, Firstminute Capital, Knight Capital

Tactic

Tactic is a collaboration tool that brings people together in the office. Whether big or small, businesses of every size use our software to manage their hybrid office space.

Company details:
Founders:
Austin Hale, Christopher Barcus
Founded:
2020
Based in:
Lehi, Utah, United States
Website:
Tactic
Industries:
Facility Management, Human Resources, Information Technology, Mobile Apps, Office Administration, SaaS, Software
Latest funding:
$3,000,000
Seed
1 December 2021
Total funding:
$3,500,000
Investors
Peterson Ventures, EPIC Ventures

Virtual Facility

An ML-powered building intelligence solution is made available to institutional clients by Virtual Facility, helping them to better understand, manage, forecast, and cut down on operating costs via better work. Our SaaS solution makes use of the most recent technological advancements and machine learning to provide analytics that enable real-time engineering and operations management for clients including hospitals, universities, and major commercial institutions. The modular line of products provides automated intelligence to facility managers and their workers, enabling them to maintain as lean an operation as possible.

Company details:
Founders:
Mark Prewett, Reed Berinato
Founded:
2018
Based in:
New York, New York, United States
Industries:
Artificial Intelligence, Energy Management, Facility Management, Real Estate, SaaS, Smart Building
Latest funding:
$9,000,000
Seed
23 June 2022
Total funding:
$9,000,000
Investors
Primary Venture Partners, Camber Creek, Ubiquity Ventures

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