Hightower has raised $6.5 million to expand its real estate platform

Total
0
Shares

Hightower, an online platform for the commercial leasing industry, today announced a $6.5 million Series A round of financing led by existing investors Bessemer Venture Partners and Thrive Capital. Previous investors, including RRE Ventures, Red Swan Ventures, David Tisch, Lee Linden and Brandon Shorenstein, also participated in the round. The funding comes just eight months after Hightower’s $2.1 million seed round in December 2013.

Hightower, a “command center for commercial real estate,” today announced that it has raised a $6.5 million Series A round led by its existing investors Bessemer Venture Partnersand Thrive Capital. Previous investors RRE Ventures, Red Swan Ventures, David Tisch, Lee Linden and Brandon Shorenstein also participated in this round, which comes just eight months after the company’s $2.1 million seed round. Commercial real estate — maybe even more so than the residential real estate business — is not known for being the most high-tech of industries. Bessemer partner Ethan Kurzweil, for example, likens the industry to a “lost tribe in the Amazon,” which is a bit harsh. As Hightower CEO and founder Brandon Weber notes, “commercial leasing is a business that deserves better tools” and — surprise, surprise — Hightower wants to be that tool.

Leave a Reply

Your email address will not be published.

You May Also Like