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Facilio, an Atlanta- and Chennai-based facilities management tech start-up, has raised about ₹45 crore ($6.4 million) in a Series A round led by Tiger Global Management and existing investor Accel. The company will use the money for global expansion and to strengthen its research and development capability.
According to Prabhu Ramachandran, Founder and CEO, Facilio, part of the funds raised will be used to have local sales and marketing presence in West Asia and the US, after which the company will look at other markets, such as Europe.
Founded in 2017, Facilio raised about ₹6.5 crore ($1 million) as seed funding from Accel almost as soon as it started operations.
Facilio offers real-time facilities management to commercial real estate owners, using Internet of Things (IoT) and artificial intelligence to optimise operations.
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