Honest Buildings Expands Series B With New Investors
Honest Buildings, a project management platform built for and backed by real estate owners, raised investment in its Series B round, bringing the total $25 million. The additional investment comes from QuadReal and Altus Group Limited, who join existing Series B industry investors Brookfield Property Partners, Oxford Properties Group, The Durst Organization, DivcoWest Real Estate Investments, Rudin Ventures and C-III Capital Partners, 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.
Inn 2017, according to the company, Honest Buildings powered a 500% year-over-year increase in project volume and facilitated $10 billion in projects managed over the last 24 months. This capital raise will allow the company to further expand across North America and beyond, grow its product and business development teams, and explore new partnerships and integrations.