The Series B round also saw participation from existing investors Accel India and Tiger Global
The startup leverages the IoT and ML to help manage buildings operations, maintenance, and sustainability for commercial estates
Currently, Facilio is solving operational problems for 10K+ properties, spanning across 100 Mn sq ft and 12 countries
Chennai-based Facilio, a property operations software startup, has raised $35 Mn in its Series B funding round led by Dragoneer Investment Group. The round also saw participation from Brookfield Growth (who is also a Facilio customer) and existing investors Accel India and Tiger Global.
“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,” founder and CEO Prabhu Ramachandran said in a statement.
Former Zoho employees Prabhu Ramachandran, Krishnamoorthi Rangasamy, Rajavel Subramanian and…