About Honest Buildings
Honest Buildings is a company based in New York (United States) founded in 2012 was acquired by Procore in July 2019.. Honest Buildings has raised $46.88 million across 11 funding rounds from investors including Procore, First Capital Realty and Altus Group. The company has 89 employees as of December 31, 2022. Honest Buildings offers products and services including Procore Platform, Bid Management, Project Management, Financial Management, and Resource Management. Honest Buildings operates in a competitive market with competitors including Procore, Nemetschek Group, Hover, Viewpoint and PlanRadar, among others.
- Headquarter New York, United States
- Employees 89 as on 31 Dec, 2022
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Honest Buildings, Inc.
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Products & Services of Honest Buildings
Honest Buildings offers a comprehensive portfolio of products and services, including Procore Platform, Bid Management, Project Management, Financial Management, and Resource Management. 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.
Unified software for project lifecycle and collaboration tools
System for creating and analyzing construction bids
Tools for overseeing project activities and safety standards
Platform for tracking budgets and financial insights
Software for assigning and monitoring team productivity
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Leadership Team
123 people
Sales and Marketing
68 people
Software Development Team
65 people
Product Management Team
55 people
Human Resources and Administration
26 people
Operations Team
23 people
Senior Team
23 people
Customer Team
18 people
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Funding Insights of Honest Buildings
Honest Buildings has successfully raised a total of $46.88M across 11 strategic funding rounds. 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 11
- Last Round Last Round
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First Round
First Round
(19 Jan 2012)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2018 | Amount | Series B - Honest Buildings | Valuation |
investors |
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| May, 2018 | Amount | Series B - Honest Buildings | Valuation | First Capital Realty | |
| Apr, 2018 | Amount | Series B - Honest Buildings | Valuation | QuadReal , Altus Group |
| 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 Honest Buildings
Honest Buildings has secured backing from 21 investors, including institutional and venture fund investors. Prominent investors backing the company include Procore, First Capital Realty and Altus Group. 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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Focus is placed on real estate and renewable energy investments.
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Founded Year | Domain | Location | |
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Investments in technology sectors are managed by Navitas Capital.
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Founded Year | Domain | Location | |
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US focused VC firm
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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 Honest Buildings
| 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 - Honest Buildings
| 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 |
Honest Buildings Comparisons
Competitors of Honest Buildings
Honest Buildings 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 Procore, Nemetschek Group, Hover, Viewpoint and PlanRadar, 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 |
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| domain | founded_year | HQ Location |
SaaS project management software is provided for construction professionals.
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| domain | founded_year | HQ Location |
Provider of management solutions for the construction sector
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| domain | founded_year | HQ Location |
Hover is recognized for providing construction and renovation software solutions.
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| domain | founded_year | HQ Location |
SaaS-based project management solutions are delivered for construction.
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| domain | founded_year | HQ Location |
SaaS documentation management solutions for construction are provided.
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| domain | founded_year | HQ Location |
Collaboration and scheduling software is provided for home construction.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Honest Buildings
Frequently Asked Questions about Honest Buildings
When was Honest Buildings founded?
Honest Buildings was founded in 2012.
Where is Honest Buildings located?
Honest Buildings is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Honest Buildings a funded company?
Honest Buildings is a funded company, having raised a total of $46.88M across 11 funding rounds to date. The company's 1st funding round was a Series B of $3.5M, raised on Jan 19, 2012.
How many employees does Honest Buildings have?
As of Dec 31, 2022, the latest employee count at Honest Buildings is 89.
What does Honest Buildings do?
Honest Buildings was founded in 2012 in New York, United States, within the commercial real estate sector. A cloud-based platform is operated for project management and procurement, covering building and renovation portfolios, asset oversight, automated bidding, approvals, budgeting, RFPs, and analytics. Curated vendors and designers are linked to owners and managers. Clients served include Brookfield, Parkway, Invesco, Rudin, Harvest Properties, CommonWealth Partners, MRP Realty, and Milstein Properties.
Who are the top competitors of Honest Buildings?
Honest Buildings's top competitors include Procore, Hover and Nemetschek Group.
What products or services does Honest Buildings offer?
Honest Buildings offers Procore Platform, Bid Management, Project Management, Financial Management, and Resource Management.
Who are Honest Buildings's investors?
Honest Buildings has 21 investors. Key investors include Procore, First Capital Realty, Altus Group, The Durst Organization, and Brookfield Asset Management.