Property operations software platform Facilio has raised $35 mn in funding led by Dragoneer Investment Group, Brookfield Growth and existing investors Accel India & Tiger Global Management.
Facilio’s AI-driven property operations platform helps real estate owners and operators aggregate hard-to-access building data, optimize performance, and control portfolio operations – all from one place.
“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.” Prabhu Ramachandran, Founder & CEO, Facilio, said.
Founded in 2017 by Prabhu Ramachandran, Rajavel Subramanian, Krishnamoorthi Rangasamy, and Yogendra Babu, Facilio gives O&M teams real-time visibility into their operations, to automate manual processes, exceed sustainability goals, and improve building performance.
“We are uniquely positioned to accelerate digital transformation in the built world and lead the industry’s transition towards IoT-led connected buildings,” Ramachandran said.
Leading enterprises in the commercial office, healthcare, and retail categories use Facilio across 40million square feet globally to reduce operations costs, increase net asset value, and de-risk operational liability.
“Facilio has unlocked a world of potential with its AI-based predictive approach to increase operational effectiveness, 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 revolutionising operations for real estate portfolios and we are proud to support this customer-obsessed team.” said, Eric Jones, Partner at Dragoneer Investment Group.
Facilio’s solutions are flexible and modular to improve operating margins across real estate verticals.