Facilio, a New York-based property operations software platform leader, announced that it raised $35 million in Series B financing.
The round was led by Dragoneer Investment Group, with participation from Brookfield Growth and existing investors Accel India and Tiger Global Management.
This investment will allow Facilio to extend its market leadership, expand sales and marketing, and enable more companies to reach success through a predictive, connected model of real estate operations
Company: Facilio Inc.
Raised: $35.0M
Round: Series B
Funding Month: February 2022
Lead Investors: Dragoneer Investment Group
Additional Investors: Brookfield Growth, Accel India, and Tiger Global Management
Company Website: https://facilio.com/
Software Category: AI-driven property operations platform
About the Company: Founded in 2017 by Prabhu Ramachandran, Rajavel Subramanian, Krishnamoorthi Rangasamy, and Yogendra Babu, 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. Facilio's AI-driven property operations platform allows real estate owners to aggregate building data, optimize performance, and control portfolio operations - all from one place. Customers in the commercial office, healthcare, retail, education, and other real estate categories across the world use Facilio to reduce operations costs, increase net asset value, and de-risk operational liability. Headquartered in New York City with offices in Dubai, Chennai, Singapore, and Sydney.
Source: https://facilio.com/newsroom/series-b