by Brianna Crandall — September 5, 2018 — Workframe, a collaboration and communication platform purpose-built for commercial real estate (CRE) professionals to reduce the complexity of building-focused communication, just launched an iOS mobile application that integrates with its desktop application and adds valuable features for facilities professionals, such as photo functionality.
The nascent company had announced Series B funding earlier this summer 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 in 2016 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 projects, giving large corporate tenants, landlords, brokers and service providers visibility into their workflow, and presenting them with actionable data that can be leveraged to drive efficiency and cost savings. The company hopes to “transform the way that real estate professionals work,” and already counts several leading multinational companies among its growing customer roster.
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.
Barry Gosin, Newmark Knight Frank’s CEO, commented when the funding was announced:
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. 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.
Aaron Block, co-founder and managing director of MetaProp, added at the time:
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.
New mobile app
Workframe notes that while most real estate technology focuses almost exclusively on landlords and brokers, the company takes pride in solving pain points for corporate tenants and facilities managers (FMs), as well.
According to an article in Building Services Management magazine, the company created a new mobile app with features designed to enhance the workflow of professionals overseeing large corporate facilities. FMs can use the app on their smartphones to take a photo of broken equipment, assign tasks, communicate with relevant team members, update timelines for projects, and receive push notifications.
Workframe says the app can also provide significant value to other professionals across the commercial real estate industry who need to stay in the loop and get projects done away from their desks.
With the funding, Workframe anticipates rolling out additional significant new platform upgrades in coming months. For more information about the company’s workflow technology and the new mobile app, visit the Workframe website.
