About Workframe
Workframe is a company based in New York (United States) founded in 2016 by Matthew Smith, Robert Moore, and Andy Parsons was acquired by Newmark in October 2019. Workframe has raised $12.5 million across 2 funding rounds from investors including NMRK, Newmark Grubb Knight Frank and Venrock. Workframe operates in a competitive market with competitors including Powerplay, PlanRadar, PlanGrid, Fieldwire and Hyphen Solutions, among others.
- Headquarter New York, United States
- Founders Matthew Smith, Robert Moore, Andy Parsons
- SectorsReal Estate & ConstructionTechnology
- Email••••••••
- Website workframe.com
- Social LinkedIn X Facebook
- Acquired by Newmark (Oct 2019)
Funding Insights of Workframe
Workframe has successfully raised a total of $12.5M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $9.5 million completed in May 2018. 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 $12.5M
- Total Rounds 2
- Last Round Series B — $9.5M
- First Round $3M
(Jul 2017)
- Investors Count 3
All 2 funding rounds of Workframe with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2018 | $9.5M | Series B | – | Newmark Grubb Knight Frank | |
| Jul 2017 | $3M | Series A | – | – | – |
4 investors in total: 4 institutional.
Investors in Workframe
Workframe has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include NMRK, Newmark Grubb Knight Frank and Venrock.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on tech sectors | – | venrock.com | Palo Alto, United States | |
Provider of integrated commercial real estate services | 1929 | ngkf.com | New York, United States | |
MetaProp is recognized as a leading PropTech venture capital firm. | – | metaprop.vc | - | |
Property management, valuation, advisory, and retail services are provided. | 1929 | nmrk.com | New York, United States |
Investor details for Workframe
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People of Workframe
3 people are tracked at Workframe (3 in leadership).
| Name | Role | Group |
|---|---|---|
Matthew Smith | Co-Founder & CPO | Leadership |
Robert Moore | Co-Founder & CEO | Leadership |
Andy Parsons | Co-Founder & CTO | Leadership |
Complete people profiles for Workframe
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Timeline of Workframe
4 dated milestones of Workframe across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Workframe is founded.
- Funding First funding round of $3.0M.
- Funding Latest funding round, Series B, of $9.5M.
- Exit Acquired by Newmark.
Competitors of Workframe
Workframe 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 Powerplay, PlanRadar, PlanGrid, Fieldwire and Hyphen Solutions, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| getpowerplay.in | 2020 | Bengaluru, India | $14.88M | 141 | SaaS software for construction professionals' communication and collaboration is provided. | |
| planradar.com | 2013 | Vienna, Austria | $102.52M | – | SaaS documentation management solutions for construction are provided. | |
| plangrid.com | 2011 | San Francisco, United States | $18M | 363 | Provider of collaboration on web and mobile for field construction | |
| fieldwire.com | 2013 | San Francisco, United States | $39M | 80 | A cloud-based collaboration platform is offered for construction project teams. | |
| hyphensolutions.com | 1998 | Addison, United States | – | 159 | Collaboration and scheduling software is provided for home construction. | |
| hubble-docs.com | 2016 | Shibuya, Japan | $6.87M | – | Hubble is recognized as a cloud-based contract management service. | |
| aconex.com | 2000 | Melbourne, Australia | $85M | – | Cloud-based project management software is delivered for construction projects. | |
| hammertech.com | 2015 | Melbourne, Australia | $77.08M | 14 | SaaS collaboration solutions for construction safety and operations are provided. | |
| trunktools.com | 2021 | New York, United States | $69.9M | – | Cloud-based software is provided for construction workforce management and incentives. | |
| xyzreality.com | 2017 | London, United Kingdom | $34.49M | 77 | Cloud-based augmented reality software is provided for construction professionals. |
Detailed competitors of Workframe
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Latest news on Workframe
Complete news archive for Workframe
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Similar companies to Workframe
10 companies that operate in the same segment as Workframe (Construction & Building Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Multi-category products are supplied via a B2B marketplace platform. | 2015 | Singapore, Singapore | USD 470.85 M | USD 642.28 M | 1,331 | |
SaaS project management software is provided for construction professionals. | 2003 | Carpinteria, California, United States | USD 405.2 M | USD 1.32 B | 4,200 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | – | USD 3.59 B | 12,100 | |
Digital procurement and supply solutions for construction materials are facilitated. | 2016 | Thane, Maharashtra, India | USD 763.1 M | USD 1.43 B | 1,710 | |
Provider of cloud and AI-based virtual tour solutions for construction professionals | 2011 | Sunnyvale, California, United States | USD 163.18 M | – | – | |
Hover is recognized for providing construction and renovation software solutions. | 2011 | San Francisco, California, United States | USD 142.3 M | – | – | |
Cloud-based CRM and project management software for contractors is provided. | 2011 | American Fork, Utah, United States | USD 383 M | – | – | |
Cloud-based AR-enabled photo collaboration for field services is provided. | 2015 | Lincoln, Nebraska, United States | USD 36.25 M | – | – | |
AI and app-based smart windows are provided for buildings. | 2007 | Milpitas, California, United States | USD 3.71 B | – | – | |
Provider of management solutions for the construction sector | 1963 | Munchen, Bayern, Germany | – | USD 1.4 B | – |
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Frequently Asked Questions about Workframe
Workframe was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Workframe is headquartered in New York, United States. It is registered at New York, New York, United States.
Robert Moore is the current CEO of Workframe. They have also founded this company.
Workframe is a funded company, having raised a total of $12.5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3M, raised on Jul 2017.
Workframe was founded in 2016 and is based in New York, United States. A SaaS platform targeted at real estate professionals, including landlords, agents, architects, project managers, and tenants, is operated. Central communication among clients and teams is facilitated, alongside document sharing, approval tracking, timeline management, task monitoring, architectural design presentations, photograph uploads, maintenance issue resolution, and amenity oversight.
Workframe's top competitors include XYZ Reality, PlanGrid and Powerplay.
Workframe has 4 investors. Key investors include NMRK, Newmark Grubb Knight Frank, Venrock, and MetaProp.
Yes. Workframe was acquired by Newmark in October 2019.