We’ve profiled Hightower in the past, but that doesn’t mean they’re old news. Far from it, following their latest announcement of a $6.5 million dollar round of Series A funding, spearheaded by two VC powerhouses (Bessemer Venture Partners and Thrive Capital). Where there’s smoke, there’s fire, and Hightower is scorching. What’s all the fuss about? Let’s start at the beginning…
Hightower Graph
Hightower is a mobile and web-based app that allows users to track their deal pipelines in real time. It’s the brainchild of Brandon Weber, a techie turned broker who sought to create a platform to simplify the inefficiencies he encountered in the commercial real estate industry.
Founders, Hightower
According to the company website, Hightower assists the following real estate professionals in the following ways:
Brokers
Landlords
Brandon Weber, CEO & Fouder, Hightower
As versatile as the app is already, Weber and his team at Hightower have no plans to stop innovating. On the contrary, they have actually made a point to launch new features and updates five days a week (every single business day). One of the more recent additions to the Hightower platform is the option to compose a full, comparative financial analysis of different lease proposals, a process that was once undertaken using only spreadsheets before, where errors were commonplace. Another new feature is the ability for users to manage their current inventory, enabling them to connect with their property management system instead of just their lease pipeline. Like its investors, we expect Hightower to keep evolving and gaining momentum in the commercial real estate industry. If the past provides any indication, there’s no reason not to.
Hightower Dashboard
Hightower iPhone App
Hightower iPhone App
For more information on Hightower, please refer to this exclusive Q&A with Brandon Weber featured on The News Funnel.
For more information about Hightower's $6.5 million Series A fundraising deal, read this press release and this FunnelCast post.