Facilio bags $35 mn in funding round led by Dragoneer Investment
Real Estate

Facilio bags $35 mn in funding round led by Dragoneer Investment

Facilio, a Software as a service (SaaS)-based property app that claims to enhance operational efficiency, has bagged $35 million in a funding round conducted by Dragoneer Investment Group.

Brookfield Growth and existing investors Accel India and Tiger Global Management additionally took part in the Series-B funding round. The startup told the media it would use the money to expand its team, deepen penetration and intensify research and development (R&D) initiatives.

It leverages an AI-led predictive engine to assist real estate portfolios to digitise processes and optimise their property operations by aggregating data from multiple, disconnected systems across portfolios into an integrated, cloud-based platform, assisting operations and maintenance teams to become data-driven and agile.

The platform provides a suite of SaaS (software as a service) applications for maintenance and operational visibility, sustainability, and remote equipment performance monitoring. Prabhu Ramachandran, co-founder and chief executive told the media that this investment would allow them to extend market leadership, boost sales and marketing. Presently, Facilio is solving operational problems for over 10,000 properties, more than 100 million sq ft across 12 nations.

Its increasing list of portfolio-scale deployments comprises more than 40 large enterprise customers across the commercial office, healthcare, retail, banking, and government real estate types. Facilio has unlocked a world of potential with its Artificial Intelligence-based predictive approach to improving operational effectiveness, Eric Jones, a partner at Dragoneer told the media.

Image Source

Also read: Arrivae raises Rs 50 cr in Series-B funding round led by Havells Group

Facilio, a Software as a service (SaaS)-based property app that claims to enhance operational efficiency, has bagged $35 million in a funding round conducted by Dragoneer Investment Group. Brookfield Growth and existing investors Accel India and Tiger Global Management additionally took part in the Series-B funding round. The startup told the media it would use the money to expand its team, deepen penetration and intensify research and development (R&D) initiatives. It leverages an AI-led predictive engine to assist real estate portfolios to digitise processes and optimise their property operations by aggregating data from multiple, disconnected systems across portfolios into an integrated, cloud-based platform, assisting operations and maintenance teams to become data-driven and agile. The platform provides a suite of SaaS (software as a service) applications for maintenance and operational visibility, sustainability, and remote equipment performance monitoring. Prabhu Ramachandran, co-founder and chief executive told the media that this investment would allow them to extend market leadership, boost sales and marketing. Presently, Facilio is solving operational problems for over 10,000 properties, more than 100 million sq ft across 12 nations. Its increasing list of portfolio-scale deployments comprises more than 40 large enterprise customers across the commercial office, healthcare, retail, banking, and government real estate types. Facilio has unlocked a world of potential with its Artificial Intelligence-based predictive approach to improving operational effectiveness, Eric Jones, a partner at Dragoneer told the media. Image Source Also read: Arrivae raises Rs 50 cr in Series-B funding round led by Havells Group

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code