Honest Buildings, a New York City-based real estate technology platform, raised a $5m strategic A-2 financing.
The round was led by Milstein Companies’ technology investment arm, Circle Ventures, with participation from Thrive Capital, Westly Group and Rockport Capital.
Led by Riggs Kubiak, Founder and CEO, Honest Buildings is a centralized online network to connect real estate owners and developers with their vendors. It provides a secure procurement and workflow platform built specifically for real estate owners, managers, and investors to automate the project bidding and review process, reduce project costs, and mitigate counterparty risk. The company has facilitated nearly $600 million of construction projects since its founding.
Clients include WeWork, Kushner Companies, Equinox, Benchmark Real Estate Group and Madison Realty Capital, have adopted the technology.
Launched in 2012, Honest Buildings has raised more than $17 million in venture capital funding to date.