The Westly Group and RockPort Capital Partners led the round, bringing the total invested in Honest Buildings to-date to $7.5 million. Honest Buildings raised initial seed funding from RockPort and Mohr Davidow Ventures.
As previously covered here and here, Honest Buildings describes itself as a combination between Yelp and LinkedIn for real estate professionals - making it easier for owners to find and vet service providers, and for providers to showcase portfolios of their work.
The marketplace platform structure hosts profiles of everything from architecture and designer to construction management to deep sustainability retrofit contractors - akin to, but more robust than the 42 Floors Showroom and something like a commercial version of Zillow's Digs. All inspire owners with high-quality photographs and easier access to professionals who can help make projects come to life. For anyone who has tried to source and vet solution providers for a project large or small - the growth of these kinds of platforms is welcome resource, and an indication of how tech can facilitate faster and better transactions in traditionally off-line industries.
Over the past five months, $25 million in building contracts were originated through the Honest Buildings platform, with Cushman & Wakefield and others industry giants as clients. Honest Buildings has grown to 12 full-time employees in New York, Seattle, and London. Congratulations to the team!