Facilio raises $35 Mn in Series B round

Proptech startup Facilio has raised $35 million in its Series B round led by Dragoneer Investment Group with participation from Brookfield Growth and existing investors Accel India and Tiger Global Management.

This investment will allow the startup 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, said Facilio in a press release.

Founded in 2017, Facilio offers a unified software platform that leverages an AI-led predictive engine to help real estate portfolios digitize processes and optimize their property operations. 

The platform encompasses a suite of SaaS applications for maintenance and operational visibility, sustainability, and remote equipment performance monitoring.

Facilio’s growing list of portfolio-scale deployments includes commercial office buildings, retail chains, hospital systems, and higher-education campuses.