Facilio, a number one property operations software program platform has raised $35 million in Sequence B financing led by Dragoneer Funding Group with participation from Brookfield Development and present traders Accel India and Tiger World Administration.
“Our prospects perceive that success in a post-pandemic world shall be achieved by driving effectivity positive factors and delivering easy buyer experiences,” stated Prabhu Ramachandran, Founder & CEO, Facilio. “We’re uniquely positioned to speed up digital transformation within the constructed world and lead the business’s transition in the direction of IoT-led linked buildings. This funding will permit us to increase our market management, broaden gross sales and advertising and marketing, and allow extra firms to achieve success via a predictive, linked mannequin of actual property operations.”
Facilio has emerged as a next-generation chief within the $50 billion business actual estate-focused operations software program market. It has established a broad, world buyer base and the enterprise says it’s quickly gaining share with faster-than-market gross sales progress throughout a number of geographies. Facilio’s rising checklist of portfolio-scale deployments consists of business workplace buildings, retail chains, hospital programs, and higher-education campuses.
“Facilio has unlocked a world of potential with its AI-based predictive strategy to extend operational effectiveness,” stated Eric Jones, Companion at Dragoneer Funding Group. “We had been blown away by the client love that Facilio receives from their various roster of world shoppers. The corporate is on its option to revolutionizing operations for actual property portfolios and we’re proud to assist this customer-obsessed crew.”
“Now we have been prospects of Facilio and now it is unimaginable to be a associate of their journey,” stated Josh Raffaelli, Managing Companion at Brookfield. “What Prabhu and the crew are constructing isn’t merely a fantastic product portfolio however a motion in the direction of data-led property operations. The corporate is writing the blueprint for the way trendy actual property portfolios will function within the subsequent decade and past.”
Based 4 years in the past by Prabhu Ramachandran, Rajavel Subramanian, Krishnamoorthi Rangasamy, and Yogendra Babu, Facilio is headquartered in New York Metropolis with workplaces in Dubai, Chennai, Singapore, and Sydney. It’s backed by main traders together with Accel India, Tiger World Administration, Dragoneer Funding Group, and Brookfield Development.