Plentific has raised $100m (£72 million) in ‘Series C’ funding from new investors Highland Europe, Brookfield Technology Partners, Mubadala Investment Company and RXR Digital Ventures alongside existing investors A/O PropTech and Target Global.
Plentific plans to use the investment to expand its global footprint and to accelerate its product development around digital transformation in property (including social housing) and facilities management.
Cem Savas, CEO and co-founder, Plentific, said, “We had a phenomenal year of growth, more than doubling our staff to almost 200 employees, opening an office in the United States and cementing our position in the UK and German markets.
“Our next step is to rapidly expand in the US, as well as look to begin operating in new geographies. We have only just scratched the surface of a $2.5 trillion potential market opportunity. We will now be rapidly expanding both our global footprint and the solutions we offer to become the de facto digital partner for housing providers and service providers across the world.”