Christian Struve, CEO y cofundador de Fracttal.
Fracttal, the startup offering AI-powered maintenance and asset management software, has just raised US$35 million in a growth financing round led by Riverwood Capital.
The round included participation from all current investors and reinforces Fracttal’s position as a global leader in maintenance, while enabling the company to reach more markets and customers who can benefit from managing their physical assets, tasks, and operations from a unified platform.
“It means a lot to us that all of our existing investors, especially Seaya Ventures along with Kayyak, GoHub, and Amador, are doubling down. It’s a strong signal. They have seen the product mature, the technology scale, and the impact we are having with customers, and they are choosing to continue supporting us in this next phase,” said Christian Struve, CEO and co-founder of Fracttal.
“Maintenance is one of the largest and most mission-critical functions in the industrial and infrastructure sectors, but historically it has been underserved by modern software. Fracttal has developed a world-class, AI-powered platform with the technological depth necessary to transform the management of complex and distributed assets,” explained Francisco Alvarez-Demalde, co-founder and managing partner of Riverwood Capital.
With these funds, Fracttal will accelerate its growth in the Latin American and European markets, including Mexico, Brazil, Spain, and France, where it has already seen strong product-market fit, reference customers, and growing demand from mid-market customers and companies seeking predictive maintenance.
In a 2025 study, the company found that only 2% of companies in Spanish-speaking countries had implemented AI in their maintenance operations, although 64% were planning or already running pilot programs.
Expansion in Latin America
Fracttal will allocate a significant portion of the recent investment to product development, with a strong focus on enhanced AI and agent capabilities, IoT sensor technologies, and advanced vertical functionalities. The company will also expand its engineering, data science, product, sales, marketing, and customer success teams, while strengthening its internal structure to scale sustainably.
On the other hand, the company will actively pursue inorganic growth opportunities, including strategic acquisitions and partnerships, to accelerate market expansion, deepen product capabilities, and consolidate its leadership in key regions.
“Having Riverwood Capital as a partner marks a turning point for us. They know how to scale technology companies globally, how to build lasting businesses, and how to support founders seeking to transform entire industries,” added Struve.
The global predictive maintenance market was valued at US$14.31 billion in 2025, and experts project it will reach up to $116.23 billion in 2032 and $205 billion by 2035.
Fracttal was founded to democratize critical maintenance intelligence technologies. “Too many companies were still managing their assets with spreadsheets and outdated systems, wasting time and money,” Struve told Contxto last year.
“Today, artificial intelligence and the proliferation of industrial sensors are opening up possibilities that were unthinkable just a decade ago. We can now understand the state of an asset before it fails, learn from every operation, and empower maintenance teams to make faster and better decisions,” the executive added.
The company’s AI-powered Fracttal One solution centralizes all maintenance operations through open integrations with any enterprise system and third-party IoT sensors, as well as its own portfolio of IoT hardware. Meanwhile, Fracttal Sense enables organizations to operate more efficiently, safely, and sustainably.
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