Fracttal raises USD$10 million in round led by Kayyak
The Fracttal technology startup, specializing in asset maintenance and management, secured a Series B investment round of over USD$10 million.
With this capital injection, the company seeks financial support to execute its plans for efficient growth, as well as to seek strategic partners to consolidate its expansion in Europe and Latin America to strengthen its leadership position in the industry.
The leading investor in this round was Kayyak Ventures, one of the most active venture capital funds in Latin America, backed by GoHub Ventures, a current investor continuing to support the company in collaboration with Amador Holdings.
Furthermore, there is strategic financing from BBVA Spark, the unit of the BBVA group dedicated to financing high-impact companies.
“As we enter an exciting phase of growth, our focus is on accelerating the delivery of innovation to our customers. Our conviction is strengthened by an exceptional team, strategic partners, and visionary investors.”
“Together, we are ready to lead our global expansion, driven by our mission to reinvent maintenance to promote a more sustainable, secure, and efficient world,” said Christian Struve, CEO and Co-founder of Fracttal.
This investment adds to the initial financing from Seaya, which has been a strong pillar of support for Fracttal as it advances toward its next growth stage.
Fracttal strives to offer a cloud-based mobile solution with Artificial Intelligence (AI) for asset maintenance and management.
This solution allows companies to monitor their maintenance processes in a more sustainable, secure, and efficient manner, ensuring operational continuity and worker safety.
“Fracttal’s financial performance, along with its leadership in usability, demonstrate the value the company provides to its customers.”
“It offers an essential solution at the intersection of global trends, such as cost reduction through IoT and AI technology, improvements in connectivity, and a focus on sustainability,” emphasized Cristóbal Silva, Partner at Kayyak Ventures.
The Chilean startup is also committed to sustainability and environmental protection.
In the past three years, its customers have avoided the emission of 1,020 tons of CO2 into the environment by generating digital work orders.
Many companies from various sectors already use Fracttal’s tools, including prominent names like Acciona, Unilever, Iberostar, Veolia, Burger King, Renault, Coca-Cola, and FedEx.