Tech-enabled lift and escalator maintenance company WeMaintain on Tuesday announced it has raised 30 million euros ($36 million) in a Series B funding round led by Red River West.
The financing was joined by Eurazeo; Bpifrance Digital Venture, the venture capital arm of France’s sovereign wealth fund; and Swiss Immo Lab.
The Series B round brings the company’s total funding to 38.8 million euros. Its other backers include Idinvest Partners, Financiere Saint James, Spice Capital / OTEO Investment, and The Family.
WeMaintain plans to use the Series B proceeds to finance its global expansion as it forays into the Asia Pacific with the opening of its regional headquarters in Singapore. It will further expand to other markets in Asia-Pacific, including Hong Kong, Seoul, Sydney and Tokyo, and in North America in the next 12-18 months.
