Facility management is the fourth biggest employer in Europe, representing 10% of the total workforce. These are people like cleaners and maintenance personnel that take care of our homes and offices – buildings where most of us spend up to 90% of our time. The daily routine of most facility management teams is an operational mess. Communication channels are overburdened, schedules are misaligned, data like pictures or papers are lost, and the list goes on.
Taking on the challenge head-on, Vienna-based work management and collaboration platform for facility management teams, Wowflow has raised €1 million. The funding will allow the startup to expand in German-speaking markets, facilitate collaborations and integrate with ERP and facility management software providers.
The seed investment round was backed by prominent Austrian investors, including Markus Ertler, Gernot Singer, Kambis Kohansal Vajargah, and Hermann Futter. The new round also saw the participation of investors like Stefan Polletin (former co-founder of Casavi), German proptech fund High Rise Ventures, Estonian early-stage fund Lemonade Stand, Peter Steinberger (former founder of PSPDFKit), and Rolf Adam (senior vice president of Hitachi Solutions Europe).
Drazen Ivanis, founder and CEO of Wowflow and a former facility manager at the biggest shopping centre in Vienna said: “I felt how complicated and thankless building maintenance is. You are constantly under the water with so many small things you need to keep track of. You have no idea whether workers or service providers do what they promised. And everyone keeps asking: why can't you make it cheaper?”
The company allows managers to coordinate the work both between employees and external contractors flexibly. That enables facility managers to delegate more work and service providers to win more customers.
Going forward, the focus will be on making further improvements in the user experience for field workers, seamless multi-company collaboration, and integrations with existing Computer-Aided Facility Management and ERP software market leaders.