Rabbet makes handling construction finances simple and satisfying. The software manages invoice approvals and ties them to the project budget—so whether development managers are dealing with lenders, equity partners, or the accounting department, they’ll always have the most up-to-date project budget in their hands.
- How it works: By providing a single repository for all project finances, Rabbet helps the entire development team collaborate and instantly access the information they need. Reporting tools give executives a view of their entire portfolio so they always know where each project stands.
- Prominent deals in NYC include: Projects managed on Rabbet include 305 West 48th Street, 45 East 7th Street, and 324 East 93rd Street in Manhattan; and 260 Gold Street and 271 Sea Breeze Avenue in Brooklyn.
- Fundraising: Rabbet raised their $8 million Series A round from Goldman Sachs, Camber Creek, and QED Investors.