Higharc, the connected cloud platform for homebuilding operations, announced today a $53 million Series B funding round powered by over 18 industry leaders from construction, building products manufacturing, and distribution.
The new financing follows the company's rapid growth and customer demand in 2023, as it has emerged as the next-generation cloud software leader in the $350 billion US homebuilding industry.
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. '
The investment will be used to support Higharc's growth and expand its automated materials estimating and generative AI-based workflows.
"Higharc exists to serve the hardworking teams who build homes across America–they've been stuck using 40-year-old software that wasn't designed with their needs in mind, and they deserve better," said Marc Minor, CEO of Higharc. "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."