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Venture Capital News: Higharc Raises $53M Series B Financing

2024-02-15
DURHAM, NC, Higharc, the connected cloud platform for homebuilding operations, announced today a $53 million Series B funding round.
Higharc announced today a $53 million Series B funding round powered by over 18 industry leaders from construction, building products manufacturing, and distribution.

Spark Capital and Pillar VC led the round, with 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, Carl Bass - the former Autodesk CEO - along with leaders from Mighty Buildings, Welcome Homes, CBRE, and Ware Malcomb. '

Founded in 2018, Higharc is the pioneer of The Homebuilding Cloud - the only connected platform that helps homebuilders transform how they design, sell, and build new homes and communities. Higharc customers today build over 40,000 homes annually representing $19 billion in new home sales volume. Headquartered in Durham, North Carolina, Higharc operates a remote-first workplace with over 70 full-time employees.
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