Commercial property software start-up Facilio secures $35 million funding boost

Facilio, a commercial property operations software provider, has announced that it secured $35 million in its recent Series B funding round led by Dragoneer Investment Group.

Founded in 2017, the commercial real estate-focused operations company offers a software platform that helps real estate portfolios digitize processes and streamline operations. Facilio’s growing list of portfolio-scale deployments includes commercial office buildings, retail chains, hospital systems, and higher-education campuses.

Prabhu Ramachandran, founder and CEO, said that the investment will allow Facilio 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.”