August 25, 2018

Honest Buildings Completes Series B Round

Project management platform Honest Buildings recently closed its Series B funding round after raising $30 million, bringing the total amount raised to $48 million. Over a dozen partners contributed to the funding, including C-III Capital Partners, which was founded by Mr. Andrew L. Farkas.

Honest Buildings is a mission-driven company founded in 2012 by real estate professionals who were frustrated with the outdated technology they were using. The company is proud to have built a platform for real estate owners by real estate owners. It uses data-driven technology to help clients efficiently meet project deadlines while remaining within their budget.

Honest Buildings has already worked with several prominent real estate companies, helping them overcome challenges related to profitability and productivity. The Series B round of funding was specifically focused on improving the current technology’s functionality as the volume of their projects continues to increase. Honest Buildings will use the money to develop a new offering that uses data to manage clients’ spending. The company also plans on doubling its staff in the upcoming year to better serve its growing client base.

This investment aligns with the goals of C-III Capital Partners and its leadership. Mr. Andrew Farkas has been the Chairman and CEO of C-III since its inception in 2010, and has made C-III a leader in the real estate and asset management industry. C-III has several subsidiaries, allowing it to be involved in investment management, asset management, and commercial mortgages, among others. This investment in Honest Buildings demonstrates their commitment to improving the real estate industry while also delivering high returns for their investors.