Honest Buildings, a NYC-based real estate technology company, raised additional $8m in its Series B funding, bringing the total round to $21m.
This capital will allow the Honest Buildings to continue expanding across North America and into select international markets, and to grow its product and business development teams.
The investment was led by real estate owners Oxford Properties Group, who own and manage 60 million square feet of commercial real estate globally, as well as New York-based The Durst Organization and national owner DivcoWest Real Estate Investments. They joined existing Series B industry investors Brookfield Property Partners, Rudin Ventures and C-III Capital Partners, in addition to venture capital funds Navitas Capital, Greensoil Building Innovation Fund, Bienville Capital Management, Riverpark Funds, The Westly Group, Rockport Capital, Circle Ventures and Thrive Capital. In conjunction with the funding, Michael Turner, Oxford’s Executive Vice President, Canada, is also joining the Honest Buildings Board of Directors.
Led by CEO Riggs Kubiak, Honest Buildings provides a project management technology platform built for such commercial real estate owners as Brookfield, Oxford Properties, Beacon Capital Partners, Invesco, SL Green, The Durst Organization, Silverstein Properties, JBG Smith, Harvest Properties, Parkway Properties, and Rudin Management to ensure capital and construction projects are completed on time and on budget.