Workframe, a collaboration and communication platform purpose-built for commercial real estate (CRE) professionals, raised $9.5 million in Series B funding 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 firm MetaProp, as well as Venrock, a 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.”
Barry Gosin, Newmark Knight Frank’s CEO, said, “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.”