Founders group photo e1645529316139

DEALS | Facilio’s maintenance software nets $35m

Real estate operations platform Facilio has raised $35m in Series B funding with its aim to make building maintenance “data-driven and agile”.

The mobile-first software, used by global developers like Brookfield, aggregates data from multiple, disconnected systems across real estate portfolios.

This gives operations and maintenance teams a better overview of the building, particularly through remote equipment performance monitoring.

Facilio said its approach allows customers to reduce operating costs, exceed sustainability targets and elevate customer experiences.

With a global customer base, the startup has used its software in commercial office buildings, retail chains, hospital systems and higher education campuses.

The latest fundraise was led by Dragoneer Investment Group, with participation from Brookfield Growth and existing investors Accel India and Tiger Global Management.

Prabhu Ramachandran, founder and CEO of Facilio, said: “Our customers understand that success in a post-pandemic world will be achieved by driving efficiency gains and delivering smooth customer experiences.

“We are uniquely positioned to accelerate digital transformation in the built world and lead the industry’s transition towards IoT-led connected buildings. This investment will allow us to extend our market leadership, expand sales and marketing, and enable more companies to reach success through a predictive, connected model of real estate operations.”

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