Tyten, a startup developing AI facilities management technology, has secured a £750,000 investment from Fuel Ventures and Concrete Ventures.
Founded in 2024, Tyten is targeting the £60bn British facilities management market – worth over $1tn globally – which it claims has so far been underserved by the rise of tailored automation tools.
The startup has built a platform that it claims tackles two of the biggest bottlenecks in the industry.
The platform automated help desk administration, managing repair requests, monitoring incoming tasks, reaching out to subcontractors, processing technician reports and identifying missing information.
It also supports technicians in the field with step-by-step diagnostic and repair guidance, which the company claims leads to work orders closing up to 80% faster.
“Facilities management is the invisible backbone of every building – but the technology behind it hasn’t kept up and has lacked the innovation needed. We built Tyten to solve that, working hand in hand with technicians and help desk teams to understand their real challenges,” said co-founder Vladimir Pushmin.
“This funding round gives us the resources to scale rapidly, accelerate product development, and bring much-needed acceleration to an industry that keeps the world running.”
Along with lead investors Fuel and Concrete, the round has been supported by Antler VC and angel backers.
“Facilities management is a trillion-dollar market that’s been left behind by modern technology, and Tyten is seizing that gap with clarity, speed and ambition. At Fuel, we back founders who see massive opportunities where others see legacy industries – and that’s exactly what Tyten has done,” said Fuel Ventures founder Mark Pearson.
“What stood out to us was the team’s rare mix of deep industry insight and technical execution. They’re not just building a clever tool – they’re reshaping how an entire sector operates. It’s exactly the kind of bold, high-impact vision we love to support, and we’re excited to be backing them on this journey”