Honest Buildings Raises $5.5 Million
Honest Buildings is a marketplace and discovery platform for real estate projects. Honest Buildings has raised $5.5 million in a Series A round of funding. This round of funding was provided by Westly Group and existing investor RockPort Capital. Some of Honest Buildings’ earlier investors include Mohr Davidow Ventures, Spring Ventures, Jason Scott, and Lisa Gansky.
Honest Buildings is known for designing a product called HB Match. HB Match connects real estate developers with building professionals. Service providers can make profiles to showcase recent projects. Developers that have new projects can search for qualified providers based on their previous work using HB Match’s search. Developers can review portfolios and prepare request for quotes (RFQs).
The company saw around $25 million in contracts and hit nearly around one million building profiles. Honest Buildings charges service providers a small fee if they complete a transaction. Initially Honest Buildings started off as a green building technology company.