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Deals & Dealmakers

Real estate tech firm Equiem raises $8.4M

Equiem, a producer of technology and services for commercial real estate, has announced the completion of its largest ever capital raise, securing more than $8.4 million from a number of different investors. The figure brings the total amount invested in Equiem to over $20 million.

GABRIELLE MCMILLAN

Several high net worth investors from the USA invested for the first time, while existing shareholders the Grollo Group and Salta Capital both reinvested, alongside others including Aconex Founder and CEO, Leigh Jasper. Two new institutional investors Perennial Value, an Australian-owned investment management firm, and Regal Funds Management, an Australian alternative investment manager, also both invested for the first time.

The gathering of the funds has coincided with the launch of tenant experience platform, NEXT, the development of which was facilitated by Equiem’s previous capital raise in 2016. NEXT delivers a range of updated features and services for landlords.

One is called Tenant Analytics Dashboards, analytics providing landlords with data to help them better understand the needs of their tenants and deliver more effective tenant engagement.

Another feature is called Events and Engagement, which enables landlords to plan events across their portfolios and track their results.Then there’s Space Bookings, a platform for monetizing building amenities, boardrooms and vacant desks.

Equiem’s CEO, Gabrielle McMillan, has said that the company will continue to assess capital requirements in line with growth.

“As the real estate industry matures in terms of its adoption of technology, we want to keep raising the bar in the tenant experience technology space,” said McMillan.

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