Limble Raises $58M in Series B Funding

Limble, a Lehi, UT-based provider of computerized maintenance management systems (CMMS), raised $58M in Series B funding, at $450M valuation. The company intends to use the funds to expand its product portfolio, further develop its user interface for asset monitoring and maintenance and accelerate its go-to-market strategy. Led by Bryan Christiansen, CEO and founder, Limble delivers software for maintenance professionals to implement preventive maintenance, manage assets, gain control of inventory, streamline workflows, report KPIs, organize work orders and realize cost savings from reduced downtime, parts spend, labor and improved productivity. He will join Lars Letonoff, former CRO of KnowBe4, the world’s largest security awareness training and simulated phishing platform; and Jeremiah Daly, founder and general partner of Elephant. Brendon Hardin from Goldman Sachs’ Growth Equity business will also be joining the board in conjunction with this investment.