DURHAM – Startup Higharc, which has developed what it calls an “intelligent homebuilding platform,” keeps drawing investors, this time with HomeDepot’s venture arm joining a new round of funding that pushes the company’s cash haul to more than $40 million.
In a deal announced Tuesday, Higharc also secured capital from former Autodesk CEO Carl Bass and Standard Industries. Bass joins Higharc as an advisor.
The company landed $21 million in 2021, another $1.3 million in 2022 and capital from Ferguson Ventures and Starwood Capital Group earlier this year.
“We are thrilled to have Home Depot Ventures, Standard Investments, and Carl Bass join Higharc to bring innovation to the homebuilding industry,” said Marc Minor, CEO of Higharc, in a statement. “Transformational change in critical industries like homebuilding depends on robust partnerships. The decision of these industry leaders to support Higharc as we expand our platform speaks to the caliber of our team and the impact Higharc has made for builders across the country.”
Higharc says its “intelligent data model simplifies home design data and construction documents using automation, creating a more efficient and cost-effective approach to building homes at scale.”
