Honest Buildings Raises $17.0M Series

Honest Buildings, a Procore company, has secured $17.0M in new investment capital.

The funding round will support the company's continued development of its project management platform, which is designed for owners and managers to ensure capital and construction projects remain on time and within budget.

This investment underscores confidence in Honest Buildings' technology and its role in the real estate and construction sectors.

Honest Buildings provides a comprehensive project management platform that helps commercial and multifamily owners manage billions of dollars in total project value.

The platform is utilized by industry leaders such as Brookfield, Beacon Capital Partners, Invesco, The JBG Companies, SL Green, Parkway Properties, and Rudin Management.

It streamlines project management processes, aiming to increase revenue through faster project delivery, reduce project costs, and enhance efficiencies across project portfolios.

The cloud-based system serves as a paperless system of record, automating new construction and building improvement processes and unlocking valuable data previously held in spreadsheets.

The newly raised capital is intended to fuel Honest Buildings' strategic growth initiatives.

The company plans to allocate the funds towards further enhancing its platform capabilities, expanding its engineering and product teams, and broadening its market presence.

This investment is crucial as Honest Buildings continues to establish its platform as a standard for managing existing and developing portfolios across various property types, including office, retail, industrial, hospitality, and multifamily.

With this financial backing, Honest Buildings is positioned to accelerate its mission of providing real-time insights and user-friendly solutions for real estate owners and operators.

The company aims to continue innovating its technology to meet the evolving demands of the construction and real estate industries, supporting its clients in achieving greater operational efficiency and project success.