Higharc, a Durham, NC-based company specializing in cloud-based solutions for homebuilding operations, has successfully raised $53 million in Series B funding.
The funding round was led by Spark Capital and Pillar VC, with notable participation from SE Ventures (Schneider Electric’s Venture Arm), Fifth Wall, Starwood Capital, Standard Investments, Home Depot, Ferguson, Simpson Strong-Tie, Mulhern+Kulp Engineering, Suffolk Technologies, RXR Realty, PSP Growth, Metaprop, SC Masterfund, and Carl Bass — the former CEO of Autodesk. Additionally, leaders from Mighty Buildings, Welcome Homes, CBRE, and Ware Malcomb, as well as previous investors Javelin Venture Partners, Lux Capital, and Vertex Ventures, also contributed to the funding.
Higharc plans to utilize the investment to further enhance its automated materials estimating capabilities and advance its generative AI-based workflows.
Under the leadership of CEO Marc Minor, Higharc offers The Homebuilding Cloud, an integrated platform that facilitates the design, sales, and construction processes for new homes and communities. With a customer base responsible for constructing over 40,000 homes annually, representing $19 billion in new home sales volume, Higharc has demonstrated significant impact in the industry.
Currently, Higharc boasts a team of over 70 full-time employees dedicated to driving innovation and efficiency in the homebuilding sector.
Commenting on the news, Marc Minor said: “This additional capital reinforces Higharc’s long-term commitment to the success of our customers and to unlocking digital transformation for the entire homebuilding industry.“
———
If you are a proptech company and want to promote your products, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem.
Explore more Proptech news at media.proptechbuzz.com, for news tips and promotions, reach out to marketing@proptechbuzz.com
By Proptechbuzz
By Ravi Kumar
