Honest Buildings hits $100M milestone

Online real estate marketplace finds qualified vendors for developers

TRD New York /
Mar.March 10, 2014 12:40 PM

Manhattan-based Honest Buildings, an online marketplace that connects developers and landlords with engineers, architects and other real estate vendors, has crossed the $100-million mark in projects originated through the site, a spokesperson for the startup told The Real Deal.

To use the network, a developer or landlord submits project details along with criteria for what they’re looking for in a vendor. The site then searches for matches based on those criteria, and produces a short list of qualified vendors. Honest Buildings, which was featured in TRD’s story on “Real estate’s hot new entrepreneurs,”  has seen a surge in activity of late. The site did $55 million worth of business in all of 2013. In the first two months this year, that figure is already up to $45 million.

Clients include Vornado Realty Trust, Sitt Asset Management, and Cushman and Wakefield. Honest takes a commission, typically between 3 and 5 percent, from vendors if they’re hired. The company has raised just under $11.5 million, from investors including Joshua Kushner’s Thrive Capital, CEO Riggs Kubiak told TRD in February. – Hiten Samtani

Related Articles


WeWork is investing again with fundraise for proptech

Brandon Weber’s second act

GateGuard founder Ari Teman (Credit: Twitter and iStock)

Proptech exec Ari Teman arrested on bank fraud charges

Josh Kushner and One Hudson Square (Credit: Getty Images and Wikipedia)

Josh Kushner’s Oscar Health doubles their office space at One Hudson Square

Halfway through 2019, proptech investment has already hit a record high

Lightbox's Eric Frank (Credit: iStock)

Silver Lake-backed startup Lightbox makes even more RE Tech acquisition noise

Median rent nationally hit an all-time high of $1,006 a month in the first quarter of 2019 (Credit: iStock)

Millennials are borrowing from startups to pay the rent

Softbank CEO Masayoshi Son (Credit: Getty Images and iStock)

Startups, rejoice: SoftBank is planning another $100B Vision Fund