Equiem, a startup that focuses on office portals and commercial tenant experiences, has raised an additional $12.4 million in funding from new investors, bringing its total funding to $30 million. Institutional investors Perennial Value Management and Regal Funds Management have been added to the share register through this Series A fundraising, which will be used to further develop Equiem’s technology and expand its reach to more international markets, including Canada and Singapore.
Founded in 2011 by Lorenz Grollo, Matthew O’Halloran, and Stuart Richardson, Equiem is a commercial proptech that has worked with 10 of Australia’s 11 biggest real estate investment trusts (REITs). Its software aims to assist corporate landlords in building relationships with the occupants of their buildings, providing an enhanced customer experience to all tenants, regardless of their size, and creating a lifestyle community environment.
Equiem’s technology is now being used by more than 145,000 people across 5.5 million square metres of commercial leasing space worldwide, including in the US, the UK, and Ireland, where it covers tenants across 2 million sqm of space. According to Equiem CEO Gabrielle McMillan, the company is moving past early adopters to more widespread and rapid adoption, with 70% of its customers in the past 12 months having added at least a second building to their portfolio after seeing the benefits of its technology.
