Madrid-based maintenance software company Fracttal has raised $35M (€29.8M) in a new funding round to accelerate expansion across Europe and Latin America. The company plans to strengthen its presence in markets including Mexico, Brazil, Spain, and France while continuing to invest in product development.
The round was led by Riverwood Capital, with participation from existing investors Seaya Ventures, Kayyak, GoHub, and Amador.
Shifting maintenance from reactive to predictive
Founded in 2015, Fracttal develops AI-powered software designed to help organisations move from reactive maintenance toward predictive and proactive asset management. Its platform focuses on turning maintenance into a source of operational intelligence, safety, and efficiency rather than a cost centre.
The company says advances in AI and industrial sensors are enabling organisations to better understand asset conditions, anticipate failures, and improve decision-making across maintenance teams.
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Product platform and customer base
Fracttal’s core product, Fracttal One, centralises maintenance operations and integrates with enterprise systems, third-party IoT sensors, and the company’s own hardware line. Through its IoT devices under the Fracttal Sense brand, the platform connects data, assets, and people across industrial and facilities environments.
The company reports serving more than 1,500 customers globally, managing over 20 million registered assets across more than 60 countries. Its customer base includes organisations such as Iberostar, Acciona, Veolia, Coca-Cola, and FedEx.
A strong funding environment for maintenance AI
The raise ranks among the larger recent European funding rounds in AI-powered maintenance and asset management. The sector has seen sustained investor interest, with multiple companies securing capital to scale predictive maintenance, machine efficiency, and facilities management platforms.
Within this context, Fracttal’s funding highlights continued momentum behind software addressing complex, distributed industrial assets.
Scaling product, teams, and acquisitions
A significant portion of the new capital will be allocated to product development, with a focus on expanding AI and agent-based capabilities, advancing IoT sensor technologies, and building deeper industry-specific features.
Fracttal also plans to grow its teams across engineering, data science, product, sales, marketing, and customer success. In parallel, the company is exploring strategic acquisitions and partnerships to support inorganic growth and broaden its technology offering.
Fracttal says the funding positions the company to scale globally as demand increases for intelligent, data-driven maintenance solutions across industrial and infrastructure sectors.
