Hightower, a NYC-based leasing management platform for the commercial real estate industry, received a new strategic investment.
The amount of the deal was not disclosed.
Backers included Newmark Grubb Knight Frank Corp; Barry Sternlicht, CEO of Starwood Capital; Bill Rudin, CEO of Rudin Management Company; and returning investor Aaron Levie, CEO of Box.
The company intends to use the funds to scale its team, accelerate its product development and establish its international presence.
Founded in 2013 and led by Brandon Weber, CEO, Hightower provides web-based software for commercial brokers and owners to manage their end-to-end leasing process – reaching prospects, converting prospects to tenants, and managing overall portfolio performance.
Since launching last year, the company’s cloud-based platform serves thousands of brokers and owners in every major U.S. market, including some commercial real estate properties in the country.
Other investors include RRE Ventures, Thrive Capital, Bessemer Venture Partners, Pritzker Group Venture Capital, and David Tisch (Boxgroup).