DURHAM — Higharc, an intelligent home-building platform, has announced that it has secured a strategic investment from Ferguson Ventures, the corporate venture capital arm of Ferguson, and Starwood Capital Group, a global private investment firm.
According to the press release, the investment will help the Durham-based startup accelerate adoption from homebuilders throughout the country.
The amount of the investment has not been disclosed, but the release did say that the investment from Ferguson Ventures and Starwood Capital brings Higharc’s total capital raised to over $30 million.
Durham startup Higharc raises additional $1.3M from strategic investor
According to the Higharc website, the company’s platform automates design, sales, and construction processes, creating a “single source of truth” for builders.
Blake Luse, Managing Director of Ferguson Ventures, said the investment in Higharc would help builders to integrate Fergson products.
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“Ferguson is committed to helping our customers build better through the use of innovative technologies,” said Luse. “We invested in Higharc to help builders seamlessly integrate our products and solutions into their designs. This effort will streamline and create an enhanced product selection and purchasing experience.”
Higharc appeared on the 2020 Triangle Tweeners List.
