Limble Raises $58 Million at $450 Million Valuation

Limble CMMS is a powerful computerized maintenance management system designed to help businesses manage their assets and maintenance processes more efficiently. The company includes asset management, work orders, preventive maintenance, inventory, and vendor management. The software is also highly customizable, allowing businesses to tailor it to their specific needs and workflows.

Limble has raised $58 million in Series B funding, which has brought the company’s valuation to $450 million. The new round led by the Growth Equity business within Goldman Sachs, will help Limble to build more industry-disrupting solutions and insights that will lay the groundwork for the future of EAM and CMMS platforms. 

Limble, Lehi, Utah, United States, was founded in 2015 by Bryan Christiansen, Jeff Babb, Miguel Ramos, and Patricia Sagastume. “We spent eight years bootstrapped,” Bryan Christiansen, Limble’s CEO and founder, said in an interview. He built the first version of Limble’s software based on an anecdotal complaint from a family friend about managing equipment, and without any outside funding, he decided to build it while working another day job. Christiansen developed the platform and ran the business for 2.5 years before finally signing up his first customer.

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