Homebuilding startup Higharc raises $21m Series A to aid in recruiting, building out engineering functions
Higharc, the all-in-one homebuilding platform for design, sales, and construction, announced it raised $21 million in Series A funding, led by Spark Capital. New investors include MetaProp, Montage Ventures, Tectonic Capital, PlanGrid Co-founder Ralph Gootee, Built Technologies Founder Chase Gilbert and Carta CTO Jerry Talton.
Existing investors Pillar Ventures, Javelin Venture Partners, Lux Capital and Vertex Ventures also participated in the round. Higharc will use the capital to expand and scale its current offering to meet the growing demand for solution-based software in the industry. Additionally, funding will support expansion of its sales, customer success and engineering teams.
Alex Finkelstein, General Partner, Spark Capital: "Higharc's advanced software is tackling the massive and growing residential construction market by allowing builders to optimize the architecture, design, sales, and construction processes. I am thrilled to join the Higharc board and help this team bring personalized design and cost efficiency to the industry."
As the most advanced software solution on the market today, Higharc is providing the first systematic way for homebuilders to productize their library of homes and completely remove the need for manual drawings. Higharc's system digitally translates ideas into blueprints in a fraction of the traditional time and cost, allowing a homebuilder to quickly define a model of a home and instantly generate everything needed to build it. Adapting best practices from manufacturing - down to the ability to integrate real materials and pricing from suppliers into plans - Higharc is fundamentally changing how homes are designed and built.
Marc Minor, CEO, Higharc: "We're proud to bring a new vision for software-powered home design and construction to market. While manufacturers have powerful tools for integrated design and product lifecycle management, homebuilding has struggled to move beyond the proverbial paper and pen. As we grow, we're looking for curious people across the US to help us reinvent the homebuilding industry and, ultimately, to improve the vitality of our communities.
The latest round of funding brings Higharc's total capital raised to $25.8 million.
Interviews.
[Interview] Caroline Mutuku, General Manager, Glovo, Kenya
Caroline Mutuku is Kenya's General Manager of multi-category app Glovo. Caroline joined Glovo in December 2022 from Swvl Kenya where she also served as the General Manager from December 2021. In this interview...read more here
[Interview] Renate Swanepoel, COO, INC. Networking
Renate Swanepoel is an entrepreneur, global networker and inspirational speaker that has helped thousands of people around the world to find their purpose. She has gained significant networking and communication...read more here
[Interview] Anne-Marie Chidzero, Chief Investment Officer, FSD Africa
Anne-Marie Chidzero is the Chief Investment Officer at the Financial Sector Deepening Africa (FSD Africa) Investments. In this interview, she talks about the risks and opportunities in backing Africa’s early-stage startups...read more here
[Interview] James Kilpatrick, Chair, Gravitilab, UK
Gravitilab is a "Space as a Service" business providing research, testing and qualification facilities to space agencies, government, academia and commercial enterprises. The company’s Chair and Chief Finance Officer...read more here
[Interview] Ramanjeet Singh, CEO, Woosper, USA
Woosper is a US-based digital advertising and marketing agency focused on creating experiences that help clients discover their place in the digital world. The CEO Ramanjeet Singh...read more here