Building Engines, a Boston, MA-based operations platform for commercial real estate owners, operators and occupants, raised $12.7m in funding.
The round was led by existing investor Wavecrest Growth Partners, with participation from River Cities Capital Funds, MassMutual Ventures and Camber Creek Ventures.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Tim Curran, CEO, Building Engines delivers intelligent building operations through a commercial real estate industry’s SaaS web and mobile portfolio management platform, providing building teams with the data and insights they need to improve operational efficiency, mitigate risk, measure and improve tenant satisfaction and to make data-driven decisions.
Its suite of solutions supports the full range of critical building operations, including tenant engagement and service, maintenance management, communications, task and operational risk management.
Clients of Building Engines include many of the leading public REITs, private owner/managers and third-party management firms in the United States and Canada operating multi-tenant commercial office, medical office, retail and industrial properties.
Original article contributed by: FinSMES