Fracttal, a Madrid-based and Chile-founded startup that specializes in AI-powered maintenance solutions, announced in late January that its team had closed a $35 million USD funding round led by Riverwood Capital, and which also included participation from all existing investors.
The investment reinforces Fracttal’s position as a global benchmark in maintenance, while enabling the company to reach more markets and customers who can benefit from managing all their physical assets, maintenance tasks, and operations under one unified platform.
While Fracttal is now headquartered in Spain, with branches in Chile, Colombia, Mexico, Brazil and the U.S., the startup was born – and initially raised – in Chilean ground. In 2015, Fracttal participated in Startup Chile, a public startup acceleration program created by the Chilean government, and won Demo Day, securing funds to drive growth, expand, and hire more team members.
Thanks to early investors like Scale Capital and Seaya Ventures, the company expanded throughout Latin American, European and North American markets. As of 2026, Fracttal manages over 20 million registered assets and is active in more than 60 countries, with customers including Iberostar, Acciona, Veolia, Coca Cola, and FedEx.
“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,” said Christian Struve, CEO and co-founder of Fracttal.
“Long before launching Fracttal, we saw thousands of companies struggling with manual processes and outdated spreadsheets, and we knew there was a better way.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.”
With the new funds, the company plans to accelerate its cross-market growth, with emphasis in the Mexican, Brazilian, Spanish and French markets – where it has already seen strong product-market fit, marquee customers and growing demand from mid-market and enterprise clients seeking predictive maintenance.
Struve added that the industry as a whole 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.”
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.
The startup 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 and pursuing inorganic growth opportunities, such as strategic acquisitions and partnerships.
The CEO also explained having Riverwood Capital as a partner marks a “turning point,” as “they know how to scale technology companies globally, how to build durable businesses, and how to support founders who aim to transform entire industries.”
“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 organizations manage complex, distributed assets,” noted Francisco Alvarez-Demalde, co-founder and managing partner at Riverwood Capital.
Disclosure: This article mentions clients of an Espacio portfolio company