Participated · Series B · Jun 2018

Honest Buildings offers a project management platform designed for real estate owners to manage capital and construction projects. The platform is used by global, national and local owners including Brookfield, Oxford Properties, First Capital Realty, The Durst Organization, Beacon Capital Partners, Invesco, SL Green, Silverstein Properties, JBG Smith, and others. The company plans to use new funding to invest in product, engineering, design and customer success teams, and to expand the platform’s scope of functionality. Management intends to double staff in the next year. Honest Buildings is led by Co‑Founder and CEO Riggs Kubiak and is based in New York City. To date the company has raised $48M. Honest Buildings is a project-management platform built for and backed by real estate owners. The platform serves owners including Brookfield, Oxford Properties, Beacon Capital Partners, Invesco, SL Green, The Durst Organization, Silverstein Properties, JBG Smith, Harvest Properties, Parkway Properties, and Rudin Management. Led by founder and CEO Riggs Kubiak and based in New York City, the company provides project management tools tailored to real estate owners. It raised an additional $3.5M in Series B funding, bringing the Series B to $25M and total investment to date to $43M. Honest Buildings intends to use the funds to expand across North America and beyond, grow its product and business development teams, and explore new partnerships and integrations. Honest Buildings offers a project management technology platform designed to help commercial real estate owners complete capital and construction projects on time and on budget. The platform is used by major owners and managers including Brookfield, Oxford Properties, Beacon Capital Partners, Invesco, SL Green, The Durst Organization, Silverstein Properties, JBG Smith, Harvest Properties, Parkway Properties and Rudin Management. The company is led by CEO Riggs Kubiak. In October 2017 Honest Buildings announced a $13M Series B, and in 2018 it raised an additional $8M, bringing the total Series B to $21M. The new capital is intended to support expansion across North America and into select international markets and to grow its product and business development teams. Michael Turner of Oxford Properties joined the Honest Buildings board in conjunction with the funding. Honest Buildings offers a project-management platform specifically for real estate owners and operators, centralizing project data, automating bid management, standardizing reporting, and increasing transparency. The product is used to manage capital and construction projects portfolio-wide to help owners deliver projects faster, reduce costs, and make data-driven decisions. Customers named in the article include Brookfield, Beacon Capital Partners, Invesco, JBG Smith, SL Green, Parkway Properties and Rudin Management. The company reports over $6 billion in projects have run through the platform and a 500% growth rate, with expansion to properties in every U.S. state and into Canada. Recent new users include The Durst Organization, Silverstein Properties, Harvest Properties, Divco West and Washington REIT. Honest Buildings emphasizes building its platform in partnership with real estate owners and continuing to scale adoption among large landlords. Honest Buildings operates a centralized online network that connects 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 project bidding and review, reduce project costs, and mitigate counterparty risk. The company has facilitated nearly $600 million of construction projects since its founding and counts clients including WeWork, Kushner Companies, Equinox, Benchmark Real Estate Group and Madison Realty Capital. Launched in 2012 and led by founder and CEO Riggs Kubiak, Honest Buildings is based in New York City. The company has raised more than $17 million in venture capital to date and recently closed a $5 million strategic A-2 financing.