Facilio raises $35M Series B financing

Funding Rounds

▤ Summary

Facilio, the Chennai/US-based enterprise SaaS product company, 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. Facilio offers a unified software platform that leverages an AI-led predictive engine to help real estate portfolios digitise processes and optimise their property operations. The solution aggregates data from multiple, disconnected systems across portfolios into an integrated, cloud-based platform, helping operations and maintenance teams become data-driven and agile. It has around 40 larger enterprise customers, including Brookefield, Brigade and Sutherland, across the commercial office, healthcare, retail, banking, and government real estate categories, he said. Facilio competes with giants like IBM, Honeywell and Johnsons Control in the $50 billion commercial real estate-focused operations software market.

$ Funding

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Amount $1.0M Total raised
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Date January 1, 2017 Announcement date
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Investors - Lead investors
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Company http://www.facilio.com Funded company

▥ Classifications

industries
EduTech - institutions
applications
Web and Content Management

◇ AskAI Classifications

Labels
Facility Management Software CMMS Building Energy Management Software

▦ Linked Companies

Facilio
$10M to $25M