PE Fund Investments
Proptech startup Facilio raises $35-M from Dragoneer, Brookfield Growth
Chennai-based Facilio, a property operations software startup, has raised USD 35 million in its Series B funding round led by Dragoneer Investment Group. The round also saw participation from Brookfield Growth (a Facilio customer) and existing investors Accel India and Tiger Global. The investment will allow Facilio to expand sales and marketing, and enable more companies to reach success through a predictive, connected model of real estate operations. Former Zoho employees Prabhu Ramachandran, Krishnamoorthi Rangasamy, Rajavel Subramanian and Yogendra Babu founded Facilio in 2017 for commercial real estate owners. The startup leverages the Internet of Things (IoT) and machine-learning technologies to help in managing buildings operations, maintenance, and sustainability. Facilio claims to be solving operational problems for 10K+ properties worth over 100 mn sq ft across 12 countries.
From the Venture Intelligence PE-VC Deal Database: Between Mar-18 and Dec-18, Facilio had raised $8-M from Accel India and Tiger Global.
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