WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Technology Software Products Sunday, May 27, 2018 
Add Press Release News | News Feeds Feeds | Email This News Email


Newmark Knight Frank Leads $9.5 Million Series B Funding Round for Workframe, Inc.
Thursday, May 17, 2018

Workflow Solution for Commercial Real Estate Professionals Poised to Continue Market Penetration

Newmark Knight Frank Leads $9.5 Million Series B Funding Round for Workframe, Inc.

Workflow Solution for Commercial Real Estate Professionals Poised to Continue Market Penetration

NEW YORK, May 17, 2018 /PRNewswire/ -- Workframe, the only collaboration and communication platform purpose-built for commercial real estate (CRE) professionals, today announced that it has raised $9.5 million in Series B funding. The round was led by CRE advisory firm Newmark Knight Frank (NKF), which will be rolling out Workframe across its service lines nationwide. The financing also included participation from the venture capital arm of real estate technology firm MetaProp, as well as Venrock, a renowned venture capital firm and repeat Workframe investor.

Workframe was founded by entrepreneurs Robert Moore, Andy Parsons and Matthew Smith, who grew frustrated with the process of building out and operating the office spaces of their earlier ventures and vowed to create a solution. The trio developed Workframe, a web-based software application that provides a portfolio-level view of initiatives, giving large corporate tenants, landlords, brokers and service providers unprecedented visibility into their workflow, and presenting them with actionable data that can be leveraged to drive efficiency and cost savings.

"NKF's strategic investment will enable us to grow our team and realize our product vision," said Moore, Workframe's CEO. "As one of the largest and most forward-thinking real estate advisory firms in the world, NKF's backing speaks volumes about the value of our solution. Our partnership represents a significant step toward becoming the singular workflow and collaboration solution for the entire commercial real estate industry."

"We're always seeking compelling technology solutions that can enhance our productivity and efficiency, and have never encountered a solution with as much potential to transform the industry as Workframe's," said Barry Gosin, Newmark Knight Frank's CEO. "The Workframe platform will enable us to deliver better service to our clients by accelerating project timelines and simplifying the leasing process for tenants and landlords alike."

Added Aaron Block, Co-Founder & Managing Director of MetaProp: "As a VC focused exclusively on real estate technology, we've backed dozens of CRE tech startups, but few of them address common challenges as deftly as Workframe. The platform's ability to create measurable efficiency across the universe of real estate projects will secure Workframe's place as a leader in the PropTech space."

To complement the founders' technology pedigree, the company has rounded out its leadership team with senior CRE industry professionals from brokerage, project management and architectural backgrounds.

Dan Suozzi, Workframe's Chief Revenue Officer, said: "As a former Director of Real Estate and tenant-rep broker, I have direct experience with the challenges we are trying to overcome. Our solution will transform the way that real estate professionals work, and I'm thrilled to be a part of this incredibly talented team."

About Workframe
Workframe is the only workflow solution designed specifically for the commercial real estate industry. The company offers a web-based software application that provides a portfolio-level view of initiatives, giving large corporate tenants, landlords, brokers and service providers unprecedented visibility into their workflow and actionable data that can be leveraged to drive efficiency and cost savings. Founded by a team of highly experienced entrepreneurs, Workframe currently counts several leading multi-national companies among its growing customer roster. For more information, visit https://workframe.com or follow Workframe on Twitter @WorkframeHQ.

CONTACT: Shlomo Morgulis, Beckerman, smorgulis@beckermanpr.com, 201-465-8007

View original content:http://www.prnewswire.com/news-releases/newmark-knight-frank-leads-9-5-million-series-b-funding-round-for-workframe-inc-300650172.html

SOURCE Workframe



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav Freight Management System Market Worth 17.45 Billion USD by 2023 | May 25, 2018
Nav Global Aerospace and Defense Industry Markets, 2016-2018 & 2024 - Profiles of 326 Companies Including Many Key Players | May 25, 2018
Nav Pimcore Recognized as Gartner 'Cool Vendor' in 2018 | May 25, 2018
Nav Medical Device Security Market Worth 6.59 Billion USD by 2023 | May 25, 2018
Nav Sigma Tax Pro Urges Tax Pros That Want to Keep Their Office Open All Year to Explore Their Options | May 25, 2018
Nav Tata Consultancy Services Software Executive Seeta Hariharan Named to CRN "2018 Women of the Channel" List | May 25, 2018
Nav Agentbox Joins Forces with Reapit to Form Real Estate Tech Leader | May 25, 2018
Nav Health Tech startup celebrated for increasing access to healthcare in Canada | May 25, 2018
Nav New FASB ASU 2016-14 Resources Available to Assist Nonprofit Organizations | May 25, 2018
Nav Data Projects Blockchain Technology Market is Set to Grow as Varity of Industries Show Interest | May 25, 2018
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News