Building Engines, the US-based developer of a property management platform, has raised $26.5m in funding from investors including MassMutual Ventures, the strategic investment arm of Massachusetts Mutual Life Insurance Company.
The round was led by Wavecrest Growth Partners and included River Cities Capital Funds, Camber Creek Ventures and Hermes GPE. It was announced on Thursday without the investment amount, which was disclosed through a securities filing a week earlier.
Formerly known as RequestCom and iSense, Building Engines has built a web and mobile platform that helps commercial property management teams more efficiently communicate with tenants and maintain properties and equipment, providing data from task completion.
David Osborn, founder and chief executive of Building Engines, said: “This is an exciting time for both Building Engines and the broader real estate operations technology market.
“We are growing quickly, pursuing new innovations, and charging towards an even broader enterprise solution. This investment will help us deliver more value to our growing client list.”