Online Real Estate Network Honest Buildings Secures Series-A Financing

NEW YORK, N.Y. (June 25, 2013) – Honest Buildings, an online marketplace and discovery engine for building professionals, today announced that it has secured $5.5 million in series-A financing from investors Westly Group and RockPort Capital.

Providing a tool for building solution providers to create free, online portfolios of their work, Honest Buildings produces detailed evaluations of these companies based on the project criteria of real estate decision makers in search of specialists. The company’s goal is to create an efficient, enhanced process to quickly and thoroughly compare, vet and select the best solution provider for the requirements of any given project.

Over the past five months, approximately $25 million in contracts were originated through the Honest Buildings platform. The states of New York, through its Build Smart NY program, and Connecticut, through its Connecticut Property Assessed Clean Energy (C-PACE) program, are using Honest Buildings’ unique HB Platform service to power state-wide online networks that highlight their initiatives, showcase the work being done to improve buildings and provide property owners with the tools and insight needed to pinpoint the most qualified vendors for their building projects.