About Higharc
Higharc is a company based in Durham (United States) founded in 2018 by Thomas Holt, Michael Bergin, Marc Minor, and Peter Boyer.. Higharc has raised $80 million across 6 funding rounds from investors including The Home Depot, Ferguson and RXR. Higharc offers products and services including Studio, Showroom, Procure, and Build. Higharc operates in a competitive market with competitors including Magicplan, Urbanbase, CubiCasa, Yardzen and Floorplanner, among others.
- Headquarter Durham, United States
- Founders Thomas Holt, Michael Bergin, Marc Minor, Peter Boyer
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Sectors
Real Estate & Construction
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$80 M (USD)
in 6 rounds
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Latest Funding Round
$53 M (USD), Series B
Feb 15, 2024
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Investors
The Home Depot
& 26 more
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Employee Count
Employee Count
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Products & Services of Higharc
Higharc offers a comprehensive portfolio of products and services, including Studio, Showroom, Procure, and Build. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tool for faster home plan design and management
Platform for online home customization and marketing
System for automated estimating and material procurement
Software for generating permit-ready construction documents
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Funding Insights of Higharc
Higharc has successfully raised a total of $80M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $53 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $53.0M
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First Round
First Round
(07 May 2019)
- Investors Count 27
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series B - Higharc | Valuation | Spark Capital , Pillar VC | |
| Jul, 2023 | Amount | Series A - Higharc | Valuation | Standard Industries | |
| Mar, 2023 | Amount | Series A - Higharc | Valuation | Ferguson Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Higharc
Higharc has secured backing from 27 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include The Home Depot, Ferguson and RXR. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Spark Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Early-stage centric tech-focused VC firm investing in the US
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Founded Year | Domain | Location | |
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Investments in energy tech startups are made by SE Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Higharc
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Higharc
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Higharc Comparisons
Competitors of Higharc
Higharc operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Magicplan, Urbanbase, CubiCasa, Yardzen and Floorplanner, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Floor plans are created via AR-enabled mobile application.
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| domain | founded_year | HQ Location |
Provider of algorithmic 3D digital twin solutions
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| domain | founded_year | HQ Location |
Digital floor plan developers
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| domain | founded_year | HQ Location |
Online landscape design platform
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| domain | founded_year | HQ Location |
Platform for easy 2D and 3D floor plan creation and visualization tools.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Higharc
Frequently Asked Questions about Higharc
When was Higharc founded?
Higharc was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Higharc located?
Higharc is headquartered in Durham, United States. It is registered at Durham, North Carolina, United States.
Who is the current CEO of Higharc?
Marc Minor is the current CEO of Higharc. They have also founded this company.
Is Higharc a funded company?
Higharc is a funded company, having raised a total of $80M across 6 funding rounds to date.
What does Higharc do?
Higharc was founded in 2018 and is headquartered in Durham, United States. A SaaS platform is provided for 3D staging of residential properties, where home plans are automatically generated based on user specifications. Development of custom 3D plans is supported, along with options for comparison and further customization. Operations focus on the residential construction and real estate sectors through cloud-based tools.
Who are the top competitors of Higharc?
What products or services does Higharc offer?
Higharc offers Studio, Showroom, Procure, and Build.
Who are Higharc's investors?
Higharc has 27 investors. Key investors include The Home Depot, Ferguson, RXR, Fifth Wall, and Spark Capital.
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