Wowflow Raises € 1m Seed Funding To Redefine The Work Of Facility Management Teams

Wowflow PropTech Start-up Seed Funding

The journey of our facility management software continues and it is going to be a promising one.

Wowflow, a work management & collaboration software for facility management teams, has raised a € 1m seed investment to cement a leading position in German-speaking markets, simplify multi-company collaboration, and integrate with ERP & facility management software providers.

The Vienna-based company was backed by prominent investors like Stefan Polletin (former Co-Founder of Casavi), Proptech Fund High Rise Ventures from Germany, Early-stage Fund Lemonade Stand from Estonia, Peter Steinberger (former Founder of PSPDFKit, Founders of Europe), and Rolf Adam (Senior Vice President of Hitachi Solutions Europe).

It’s a little-known fact that facility management is the 4th 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. It takes a lot of struggle to make sure everyone is aligned and the work gets done on time & budget.

“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?” says Drazen Ivanis, Founder and CEO of Wowflow and a former facility manager at the biggest shopping center in Vienna.

This personal experience led to the creation of Wowflow – dedicated work management & collaboration software for facility management teams. Unlike other solutions on the market, Wowflow has a key focus on the user experience to ensure any field worker can easily adapt the tool without any training. On the other side, Wowflow 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.

With over 40 customers in 5 countries, Wowflow proved to work particularly well for cleaning companies:

“Cleaning of the buildings is much more demanding these days. Customers expect better service with faster reaction times and a lower budget. Good employees are in short supply, especially during the COVID outbreaks. It is only a question of time when a solution that streamlines operation and brings transparency via work tracking and reporting will be an absolute necessity for facility management companies.” says Stefan Polletin, former CEO of Attensam Sbg/Ooe.

According to Wowflow internal estimations, there are at least 600 thousand companies in Europe and US that are involved in building maintenance. These are mostly the regional companies with 10-250 employees that historically were either too small or not ready for software solutions that mostly catered to big enterprises.

Wowflow will invest the funds in market expansion to cement its position as leading work management & collaboration software for facility management teams in the DACH region. The focus is also on further improvements to the user experience for field workers, seamless multi-company collaboration, and integrations with existing Computer-Aided Facility Management and ERP software market leaders. 

We tripled our contracted revenue in 2021 and are on a similar track this year. Wowflow was recognized with awards like the “ZIA Innovation Radar” Award (2021), the “Top 100 young companies in Austria” by Gewinn Magazine (2021), and the “EY Scaleup Bronze” Award (2022).

If you have any further questions please do not hesitate to contact our colleague Tanja Schwärzler: tanja@wowflow.com

Get more insights and visuals in our seed funding press kit >