Facilio

Emerging#12 in Real Estate & Property Tech

Chennai facilities operations platform with IoT integration managing 100M sq ft across 10K+ properties in 12 countries; $42.9M Dragoneer/Tiger/Accel-backed 2025 Verdantix CMMS Leader competing with Planon and IBM Maximo for commercial RE operations.

Company Overview

About Facilio

Facilio is a Chennai, India-based facilities operations and connected building platform — backed by Dragoneer Investment Group, Tiger Global, and Accel with $42.9 million in total funding — providing commercial real estate owners, property management companies, and enterprises with an integrated platform for work order management, preventive maintenance scheduling, IoT sensor integration, energy management, sustainability reporting, and occupant experience tools across building portfolios, generating ₹53.5 crore (~$6.4 million USD) in revenue in 2024 with 40+ enterprise customers managing 10,000+ properties across 100 million square feet in 12 countries. Named a Leader in the 2025 Verdantix CMMS Grid for mid-to-large commercial real estate operations.

Business Model & Competitive Advantage

Facilio's connected building architecture addresses the fragmentation that characterizes legacy facilities management: most commercial properties use separate systems for work order tracking (Maximo, ServiceMax), building management systems (Honeywell, Johnson Controls), IoT sensor platforms (various), and energy management — with data siloed across systems that don't share operational context. Facilio integrates the BMS (building management system) data, IoT sensor readings (occupancy, temperature, equipment performance), maintenance work order history, and energy consumption data into a unified operations view — enabling facilities managers to detect equipment degradation (a chiller cycling abnormally) and create a preventive maintenance work order before failure, rather than responding to the equipment failure after it disrupts building operations. The sustainability module tracks carbon emissions, energy intensity, and water consumption against ESG reporting requirements that commercial real estate owners increasingly face from investors and regulators.

Competitive Landscape 2025–2026

In 2025, Facilio competes in the commercial facilities management, CMMS, and proptech operations platform market with Planon (Netherlands-based IWMS platform, 2,000+ customers), IBM Maximo (NYSE: IBM, enterprise asset management, dominant in heavy industry), and JLL Technologies (Jones Lang LaSalle's proptech platform, NYSE: JLL) for commercial real estate facilities operations technology. The commercial real estate sector is adopting smart building platforms as energy efficiency mandates (Local Law 97 in New York City, CRREM in Europe) create financial penalties for high-carbon buildings, making the energy optimization and carbon tracking features of platforms like Facilio economically valuable beyond operational efficiency. Dragoneer and Tiger Global's backing reflects investment thesis around proptech and facilities software for the $10+ trillion commercial real estate market. The 2025 strategy focuses on growing the North American enterprise real estate market, deepening the integration ecosystem for major BMS vendors, and expanding the predictive maintenance AI models using the aggregate sensor data from 100M+ sq ft portfolio.

Revenue
$42.9M
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