Building Engines, a Waltham-based provider of property management software, just closed a $26 million round that involves a former partner at Bain Capital Ventures who has started his own growth equity firm.
The company disclosed the round in a Form D filed with the U.S. Securities and Exchange Commission on Friday, with the first date of sale having happened on Sept. 15.
The filing says that Deepak Sindwani, co-founder and managing partner at Wavecrest Growth Partners, and Vaibhav Nalwaya, CFO for IBM's Bluewolf, have been appointed as directors with the closing of this round. It also says Frank Apeseche, former CEO of The Berkshire Group and director of Harvard's Real Estate Academic Initiative, and Andrew Ashforth, president of A.P. Construction Company, have resigned from their director roles.
A company representative declined to comment on the filing.
Founded in 2000, Building Engines develops property management software for commercial property owners that allows them to track and complete work orders for tenants, as well as promote building amenities. It also comes with tools for maintenance, communication and risk management, as well as reporting and analytics.
Clients include New Balance, John Hancock and Beacon Capital Partners.
