Tiger Global and Accel put $6.4 Mn Series A fund in Facilio | #VentureCanvas

Harsh Upadhyay | Entrackr


Tiger Global and Accel put $6.4 Mn Series A fund in Facilio

Facilities management software maker Facilio has secured $6.4 million series A round from Tiger Global and Accel Partners. The Chennai-based startup had scooped up $1.5 million from Accel in March, this year.

The fresh capital will be used in boosting its footprint in India, US and in the Middle East besides foraying into new markets.

Floated in 2017 by former Zoho executives–Prabhu Ramachandran, Rajavel Subramanian, Yogendra Babu, and Krishnamoorthi Rangasamy, Facilio’s software helps commercial real estate property owners keep on top of regular maintenance such as air conditioning systems, elevators to lower their energy consumption.

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Source: Tiger Global and Accel put $6.4 Mn Series A fund in Facilio