GoHub Ventures Invests in Fracttal to Transform the Future of Physical Asset Maintenance
Fracttal, a dynamic tech startup company dedicated to the development of advanced technology enabled solutions for maintenance and asset management, has secured an investment round of €4,3 million. The investment was led by Seaya Ventures, the leading investment fund in Spain, with the participation of GoHub Ventures, the corporate investment fund of the Spanish group Global Omnium. This round complements the investment made in 2018 by Scale Capital, who continues to support the company in this next growth stage.
Fracttal offers intelligent maintenance and asset management software (CMMS/GMAO/EAM), that is 100% mobile and cloud-based. These tools allow companies to manage their maintenance in a more sustainable, secure, and efficient way that guarantees the integrity and continuity of their operations, as well as the safety of workers.
Demonstrated improvements include reducing asset failures by over 25%, improving maintenance costs by at least 15% and increasing productivity by more than 35%, while also reducing accidents and operational risks. Fracttal, which counts companies such Acciona, Unilever, Iberostar, Veolia and FedEx, among its almost 1000 customers, directs its solutions to large multinationals and SMEs in various industry sectors, including manufacturing, facility management, energy, and transport in which it already has a significant presence.
With its main solution, Fracttal One, companies can remotely manage all maintenance operations from any device and for any type of asset, including equipment, vehicles, machinery, and facilities. This intelligent tool, a leader in several of the world’s most prestigious rankings, facilitates real-time collaborative work between different work teams and integrates with any ERP.
Fracttal One improves decision making, maximizes efficiency and extends the useful life of physical assets, while reducing incidents and unplanned downtime that can lead to delays, lost profitability, and accidents. Fracttal has also developed Predictto, an AI enabled predictive maintenance solution that allows companies to anticipate failure conditions with a high percentage of certainty. To do so, Predictto applies Machine Learning to bigdata, identifying the behavior of assets based on proprietary reliability and degradation models.
“We know that 90% of companies globally do not have proper maintenance management solutions, and continue to use spreadsheets, so we have a lot to contribute with Fracttal One. In parallel we are also working on the future of maintenance through Predictto, which detects non-obvious data patterns, and not only predicts a failure before it happens, but provides advanced data and solutions to our customers’ operations,” says Christian Struve, CEO and Co-founder of Fracttal.
This investment round will allow Fracttal to accelerate its growth in Spain and Latin America as well as expand to Europe and the United States, with the objective of being global leaders in this sector. The company is already experiencing strong international growth through its customers, many of whom are multinationals that are taking the solution to multiple subsidiaries.
Christian Struve also adds: “We are very excited about this new phase where we will be able to invest in R&D and accelerate the creation of the most innovative solutions for our customers. There is no doubt that Seaya and GoHub Ventures are the ideal partners to expand our operations into new markets, scale exponentially, become global leaders, and achieve our purpose of transforming maintenance into a new era, reimagining how technology can impact the maintenance sector by making it more sustainable, safe and efficient”.
Pablo Pedrejón, Principal at Seaya Ventures, highlighted that: “In line with Seaya’s investment strategy, Fracttal has a founding team of great vision and leadership, with whom we share the goal of generating a positive impact on the society. The founding team has made Fracttal a leader in predictive maintenance, which will experience exponential growth in the coming years. Our main goal is to accompany them in international expansion and to become leaders in new markets”.
According to Jaime Barba, Board Member at GoHub Ventures and CEO at Idrica: “This investment once again reinforces our commitment to support the best technologies in the water sector and the industry that help us be more competitive and differential in the market”.
Fracttal was founded in 2015 by Christian Struve and Alejandro Pérez after its time in Start-up Chile . Today they have a team of over 80 people serving nearly 1,000 client companies in more than 30 countries with local operations in Spain, Chile, Mexico, Brazil, and Colombia. It also manages a growing partner network in more than 15 countries.