Facilio raised $ 35 million in Series B financing from Dragoneer


Officials during the event.

Dubai: Facilio, the property operations software platform leader, announced on Tuesday that it has raised $ 35 million in Series B financing led by Dragoneer Investment Group with participation from Brookfield Growth and current investors Accel India and Tiger Global Management .

Founded in 2017, Facilio offers a unified software platform that uses an AI-led predictive engine to help real estate portfolios digitize processes and optimize their property operations. money. Replacing the traditional and siled software landscape that has failed the market for decades, the solution brings together data from multiple, disconnected systems across portfolios into one integrated cloud-based platform, helping operation and maintenance [O&M] teams become data-driven and agile. The platform covers a suite of SaaS applications for maintenance [CMMS/CaFM solutions] and operational visibility, sustainability, and performance monitoring of remote equipment. This innovative approach enables customers to reduce operational costs, exceed maintenance targets, and increase customer experiences.

“Our customers understand that success in a post-pandemic world can be achieved by driving efficiency and delivering seamless customer experiences,” said Prabhu Ramachandran, Founder and CEO, Facilio. “We are uniquely positioned to accelerate digital change in the developed world and lead the industry’s transition to IoT -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 operations. estate.

Facilio has emerged as the next-generation leader in the $ 50 billion commercial real estate-focused operations software market. It has established a broad, global customer base and is quickly gaining a share in faster sales growth than the market in many geographies. Facilio’s growing list of portfolio-scale deployments includes commercial office buildings, retail chains, hospital systems, and higher-education campuses.

“Facilio has unlocked a world of potential using its AI-based predictive approach to increase operational effectiveness,” said Eric Jones, Partner at Dragoneer Investment Group. “We are amazed at the customer love that Facilio receives from their diverse list of global clients. The company is well on its way to changing operations for real estate portfolios and we are proud to support this customer-obsessed team. “

Facilio is great at guiding real estate portfolios through their journey into digital transformation with its advanced IoT-native and mobile-first product offerings. As a result, many leading organizations dealing with outdated solutions from current vendors have turned to Facilio.

“We have become Facilio’s customers and are now incredible to be partners on their journey,” said Josh Raffaelli, Managing Partner at Brookfield. “What Prabhu and the team are building is not just a great product portfolio but a movement towards data-driven property operations. The company is writing the blueprint for how modern real estate portfolios will work over the next decade and beyond. “

Founded four years ago by Prabhu Ramachandran, Rajavel Subramanian, Krishnamoorthi Rangasamy, and Yogendra Babu, Facilio defined and developed the growth category. Similar to how Salesforce in customer management and ServiceNow in managing IT services in today’s enterprise software categories, Facilio aims to build a cloud operational management platform that unifies field processes workforce and IoT data infrastructure, in one place.

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