Equiem gets £7m funding for tenant community app

Ben Heathcote

In App Deals. August 20, 2019

Equiem, the experience and engagement app for property tenants, has secured £7 million in funding in its largest equity fundraise to date. The money came from several investors, including existing shareholders the Grollo Group, Salta Capital and Aconex founder and CEO Leigh Jasper, alongside new backers Perennial Value and Regal Funds Management.

Founded in Melbourne in 2011, Equiem describes itself as “the global leader in tenant experience for commercial real estate” and claims that its platform is the most widely adopted in the market.

The platform acts as an intranet for tenants in office buildings, allowing corporate landlords to build and maintain relationships with occupiers and not just the corporate tenants with which they sign lease agreements.

Gabrielle McMillan, CEO of Equiem, said:

“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. Over the last eight years, we have consistently invested in our product to ensure we offer the industry’s most advanced tenant experience platform, culminating in the recent launch of Equiem NEXT.

“The completion of this latest funding round now allows us to further develop our product line and deliver on a really exciting future roadmap, ensuring that we provide the next generation in tenant experience technology and remain the go-to provider in the global real estate market.”

The funds raised will be used to further develop the company’s technology and help it expand overseas. In the last two years Equiem has expanded to the UK and Ireland, and the USA, rolling out across more than 19m sq ft in those markets. The firm has pointed to Canada and Singapore as its next markets for expansion.