Honest Buildings, a NYC-based provider of a project management platform built for and backed by real estate owners, raised an additional $5m which brings total Series B funding to $30m.
The new tranche was led by First Capital Realty, which joined existing Series B industry investors Brookfield Property Partners, Oxford Properties Group, The Durst Organization, DivcoWest Real Estate Investments, Rudin Ventures, C-III Capital Partners, QuadReal, and Altus Group, in addition to venture capital funds Thrive Capital, Navitas Capital, Greensoil Building Innovation Fund, Bienville Capital Management, Riverpark Funds, The Westly Group, Rockport Capital, and Circle Ventures.
To date, Honest Buildings has raised $48m.
The company will use these funds to invest further in its product, engineering, design and customer success teams, with plans to double its staff in the next year, and to expand the platform’s scope of functionality.
Led by Riggs Kubiak, Co-Founder and CEO, Honest Buildings provides a project management platform built for real estate owners at global, national and local owners like Brookfield, Oxford Properties, First Capital Realty, The Durst Organization, Beacon Capital Partners, Invesco, SL Green, Silverstein Properties, JBG Smith, Harvest Properties, Parkway Properties, and Rudin Management to manage capital and construction projects.