Facilio raises $35 million in Series B funding to transform real estate operations with AI

Facilio, a leading property operations software platform has raised $35 million in Series B financing led by Dragoneer Investment Group with participation from Brookfield Growth and existing investors Accel India and Tiger Global Management. Founded in 2017, Facilio offers a unified software platform that leverages an AI-led predictive engine to help real estate portfolios digitize processes and optimize their property operations. Replacing the traditional and siloed software landscape, the solution aggregates data from multiple, disconnected systems across portfolios into an integrated, cloud-based platform, helping operations & maintenance teams become data-driven and agile. “Facilio has unlocked a world of potential with its AI-based predictive approach to increase operational effectiveness,” said Eric Jones, Partner at Dragoneer Investment Group. The company is writing the blueprint for how modern real estate portfolios will operate in the next decade and beyond.” Founded four years ago by Prabhu Ramachandran, Rajavel Subramanian, Krishnamoorthi Rangasamy, and Yogendra Babu, Facilio is headquartered in New York City with offices in Dubai, Chennai, Singapore, and Sydney.