Funds will support its sales and marketing growth strategies
Facilio, a commercial property operations software provider, has announced that it secured $35 million in its recent Series B funding round led by Dragoneer Investment Group.
Founded in 2017, the commercial real estate-focused operations company offers a software platform that helps real estate portfolios digitize processes and streamline operations. Facilio’s growing list of portfolio-scale deployments includes commercial office buildings, retail chains, hospital systems, and higher-education campuses.
Prabhu Ramachandran, founder and CEO, said that the 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.”
Read more: Providing tech-savvy digital solutions for commercial lenders
“Our customers understand that success in a post-pandemic world will be achieved by driving efficiency gains and delivering smooth customer experiences,” Ramachandran added. “We are uniquely positioned to accelerate digital transformation in the built world and lead the industry’s transition towards IoT-led connected buildings.”
Brookfield Growth and existing investors Accel India and Tiger Global Management also participated in the financing round.
“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. “We were blown away by the customer love that Facilio receives from their diverse roster of global clients. The company is on its way to revolutionizing operations for real estate portfolios, and we are proud to support this customer-obsessed team.”
