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Facilio Raises $35m in Series B Financing

Facilio Raises $35m in Series B Financing
23 February 2022 | Updated 31 March 2022
 

Facilio, the AI-driven property operations platform, has raised $35 million in Series B financing led by Dragoneer Investment Group, with participation from Brookfield Growth and existing investors Accel India and Tiger Global Management.

Founded four years ago by Prabhu Ramachandran, Rajavel Subramanian, Krishnamoorthi Rangasamy, and Yogendra Babu, the company plans to expand its team and deepen its global penetration in the commercial real estate-focused operations software market.

Facilio also plans to use the Series B funding to strengthen its R&D initiatives.

 

“Our customers understand that success in a post-pandemic world will be achieved by driving efficiency gains and delivering smooth customer experiences.”

–Prabhu Ramachandran

Founder & CEO, Facilio

 

AI-Led Predictive Engine for Commercial Real Estate Portfolio

 

Founded in 2017, the platform offers an AI-led predictive engine to help real estate portfolios digitise their processes. Their customers span commercial office, healthcare, retail, education, and other real estate categories across the world.

The platform is used to help companies reduce operations costs, increase net asset value, and de-risk operational liability.

“Our customers understand that success in a post-pandemic world will be achieved by driving efficiency gains and delivering smooth customer experiences,” said Prabhu Ramachandran, Founder & CEO at Facilio.

“We are uniquely positioned to accelerate digital transformation in the built world and lead the industry’s transition towards IoT-led 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 estate operations.”

“Facilio has unlocked a world of potential with its AI-based predictive approach to increase operational effectiveness,” added Eric Jones, Partner at Dragoneer Investment Group.

“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 revolutionizing operations for real estate portfolios and we are proud to support this customer-obsessed team.”

“We have been customers of Facilio and now it's incredible to be a partner in their journey,” said Josh Raffaelli, Managing Partner at Brookfield.

“What Prabhu and the team are building isn’t merely a great product portfolio but a movement towards data-led property operations. The company is writing the blueprint for how modern real estate portfolios will operate in the next decade and beyond.”

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Picture: From left to right: Yogendra Babu, Prabhu Ramachandran, Krishnamoorthi Rangasamy and Rajavel Subramanian Image Credit: Facilio

Article written by Ella Tansley | Published 23 February 2022

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