Today's Commercial Observer featured an article about our friends at HonestBuildings raising money. In the article they mentioned CompStak as one of the companies giving commercial real estate tech mainstays a "run for their money." The full text of the article is below, or you can read it at CommercialObserver.com.
HonestBuildings, a new tech start-up co-founded by a former Tishman Speyer executive, has secured its first round of financing from a group of venture capital firms that include RockPort Capital and Mohr Davidow Ventures, the company is expected to announce later today.Since launching in March, the website has expanded its roster of buildings listed on its site from 30,000 to 600,000, and now operates in markets that include New York City, Washington D.C., San Francisco, Seattle, Austin, Dallas and Houston.With the new financing secured, HonestBuildings.com is looking to grow the number of buildings featured on its site, among other improvements.“We have a good user experience update to the platform and we are streamlining the look and feel of the site,” said Riggs Kubiak, c0-founder and CEO of HonestBuildings.com. The company also announced that it will featured information of 37,000 buildings in Portland, Oregon, and is looking at eventual grow in foreign markets like London. “We are thinking about scaling what we do internationally,” added Mr. Kubiak, 31, who previously served as global head of sustainability for Tishman Speyer. He would not comment on the amount of financing the firm raised in this round. Mr. Kubiak also would not share the number of visitors the site gets daily. “Honest Buildings has identified two large problems for millions of real estate professionals: finding accurate information about buildings and generating targeted new business opportunities,” said Dhiraj Malkani, Partner at RockPort Capital, in a statement.
HonestBuildings joins an expanding list of new tech start-ups that have been nabbing real estate professionals and expanding its reach on the web. Last week, View The Space lured marketing executive Melissa Libner away from REIT SL Green Realty Corp. as the website’s new head of marketing.
Other sites, like 42Floors and CompStak, are giving mainstays like PropertyShark and CoStar a run for their money in providing landlords and real estate professionals up-to-date information on buildings in major office markets.