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.”
Other proptech deals
Name | Lavanda
Sector | Residential
What it does | Provides property management software for short- and medium-term rentals alongside more conventional long-term tenancies
Deal details | Raised $7.25m, led by European proptech and fintech VC firm Finch Capital, with participation from Starwood Capital through European venture partner Concrete VC.
Why? | Lavanda, which recently partnered with JLL on a short-term rental product, is trying to bring an Airbnb-type experience to people’s primary homes, while plugging a gap in the market for institutional landlords to get into the short-term rental market.
Name | Perchpeek
Sector | Office
What it does | Co-ordinates and supports the relocation of any employee in a company to more than 25 countries around the world
Deal details | Perchpeek raised $11m in Series A funding co-led by Stage 2 Capital and AlbionVC
Why? | As people become more flexible with where they can and want to live, businesses will have to offer services to make moving and on-boarding employees in different places easier and cheaper.
Name | Homebound
Sector | Residential
What it does | Takes care of the entire building process, from helping users find land they want to build on to architecture, lot preparation, construction and moving in
Deal details | Homebound raised $75m in Series C funding led by Khosla Ventures
Why? | The startup was originally created to help people whose homes were destroyed in wildfires in California. Since then, it has expanded to non-disaster markets in the US, using machine learning to pinpoint and buy land with potential through off-market sales.