Property tech startup Facilio has raised USD 35 million in Series B led by Dragoneer Investment Group with participation from Brookfield Growth and existing investors Accel India and Tiger Global Management.
“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,” said Prabhu Ramachandran, Founder and CEO of Facilio.
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Facilio’s solution aggregates data from multiple, disconnected systems across portfolios into an integrated, cloud-based platform, helping operations & maintenance teams become data-driven and agile. The platform has a suite of SaaS applications for maintenance and operational visibility, sustainability, and remote equipment performance monitoring. This modern approach allows customers to cut down operating costs, meet sustainability targets, and enhance customer experiences.
“Facilio has unlocked a world of potential with its AI-based predictive approach to increase operational effectiveness,” said Eric Jones, Partner at Dragoneeer Investment Group.
Facilio was founded in 2017 by Prabhu Ramachandran, Rajavel Subramanian, Krishnamoorthi Rangasamy, and Yogendra Babu. The company aims to build the operations management cloud platform unifying field workforce processes and infrastructure IoT data, in one place. Facilio, headquartered in New York , has offices in Dubai, Chennai, Singapore, and Sydney.