US-headquartered, Ukrainian founded, property and facilities management SaaS platform Prengi has raised a Seed round of $500,000 to expand its reach within the US, and expand further into Europe and the Middle East.
The Seed round was lead by Ukrainian venture capital fund SMRK. Prengi is currently valued at an estimated in $3 million.
"We strongly believe, that Prengi could be a valuable addition to our portfolio. The project provides its clients with a powerful product for facility management automation. Entering a new market is a big challenge for any team, but we have a positive feeling about Prengi's prospects both on global and US markets," says Andriy Dovzhenko, co-founder and Managing Partner at SMRK.
Prengi's SaaS offering is a comprehensive facilities and property management tool. Prengi claims it assists in accelerating business growth by arranging for an 18% cost reduction on real estate exploitation, a 9% reduction in energy consumption, and a 24% reduction in the cost of proactively maintained equipment.
“When Prengi was created, it wasn’t meant for sale at first, it was a tailor-made product for our facility management company. An online platform for managing all the operations in and around the buildings we had at the time, efficiently and in a transparent manner. Later, we discovered that Prengi turned out unique: nothing similar is available on the market yet - not with similar features and not for the same cost, for sure. We have our success story in Ukraine and other European countries, and now our team sees great perspective globally," says Sergey Shulga, the Founder of Prengi.