Honest Buildings opens door on new cash, launches in Portland

Honest Buildings, a 6-month-old real-estate startup with operations in Seattle and New York City just announced the completion of its first round of financing, led by RockPort Capital and Mohr Davidow Ventures. The amount of investment and the terms were not disclosed. The company also just launched in Portland, with information for more than 37,000 buildings in the Rose City and its surrounding counties.

The Web site, which is free to use and backed by former Expedia CFO Michael Adler, Spring Ventures and others, allows users to browse pictures, square footage, building ownership, renovations and energy-efficiency programs. It has launched in New York City, Washington DC, San Francisco, Seattle, Austin, Dallas, Houston, and now Portland. The company aims to remedy what it sees as two large problems for millions of real estate professionals, said Dhiraj Malkani, a partner at RockPort Capital. Those are “finding accurate information about buildings and generating targeted new business opportunities.”

Honest Buildings has a competitor in one of the Internet’s oldest properties, Seattle’s OfficeSpace.com (1995!), which relaunched in January under the guidance of Internet entrepreneurs Susie and Alex Algard with the goal of providing “unbiased information on all buildings and available space in a particular market.”