Boston-based operations platform for commercial real estate owners, operators and occupants Building Engines secured a $12.7-million investment led by existing investor, Wavecrest Growth Partners, with participation from River Cities Capital Funds, MassMutual Ventures and Camber Creek Ventures.
The investment follows the investor group’s initial investment of $26.5 million into Building Engines in 2016. The additional growth capital will expedite Building Engines’ strategy to build, buy and partner to deliver the most modern platform addressing long-standing problems in commercial real estate operations. Building Engines already has acquired two companies, AwareManager in 2018 and Real Data Management in May of this year.
“Our mission is to dramatically improve the tenant experience and to drive operational efficiencies for our CRE customers,” said Tim Curran, CEO of Building Engines. “This new investment will allow us to keep our foot on the gas for increased innovation and continued growth, helping us deliver even more value to our customers.”
Original article contributed by: Connect Boston Commercial Real Estate News