Highlights:

  • Programs in Limble automate preventative maintenance scheduling, provide straightforward checklists, and evaluate teams’ effectiveness.
  • The newly raised capital was valued at USD 450 million and was steered by Goldman Sachs Asset Management’s Growth Equity division.

Limble Solutions LLC, a startup company developing a computerized maintenance management system (CMMS), has raised USD 58 million in fresh funding. The capital will be used to expand the company’s product line, improve the user interface for asset maintenance and monitoring, and hasten its go-to-market plan.

Established in 2015, Limble provides tools “by maintenance professionals for maintenance professionals.” The company’s CMMS equips maintenance staff to carry out preventive maintenance and easily manage assets. Maintenance specialists can use the service to organize work orders, report critical performance data, and gain control over inventories.

The service has a user-friendly and contemporary CMMS. Programs in Limble automate preventative maintenance scheduling, provide straightforward checklists, and evaluate teams’ effectiveness. Besides, an asset management feature can handle ten or ten million assets.

Limble can be integrated in minutes and offers ROI within certain weeks. The company claims it helped customers save millions of dollars from slashed downtime, labor, parts expenditure, and enhanced productivity.

Nike Inc., McDonald’s Corp., Unilever PLC, PepsiCo Inc., Holiday Inn, and DHL Global Forwarding are a few notable clients of Limble.

The newly raised capital was valued at USD 450 million and was steered by Goldman Sachs Asset Management’s Growth Equity division. John Connolly, Senior Advisor to the Growth Equity division of Goldman Sachs Asset Management, will join Limble’s board as a part of the agreement to guide the business’s upcoming growth stage.

Limble’s Chief Executive Officer and Founder, Bryan Christiansen, said, “With this injection of growth capital from Goldman Sachs, we are poised to add new capabilities and extend the reach of our game-changing CMMS solution to companies worldwide.”

According to a report from Crunchbase, Limble has garnered USD 92.6 million to date, along with this fresh funding. Earlier investors backing the company include Album VC and Elephant Venture Capital.