Mighty Buildings, an Oakland CA-based construction technology company, raised raised an additional $22M.
The round, which brought total funding raised to date to $100M, saw the participation from ArcTern Ventures, Core Innovation Capital, Decacorn Capital, Gaingels, Khosla Ventures, Klaff Realty, MicroVentures, Modern Venture Partners, Polyvalent Capital, Vibrato Capital, to name a few.
The company intends to use the funds to accelerate its carbon neutrality roadmap, which includes building high-throughput sustainable Micro-factories, strategic supply chain partnerships, accelerating blue skies technology research, and development of new composite materials produced from recycled or bio-based feedstock.
Led by CEO Slava Solonitsyn, and Chief Sustainability Officer Sam Ruben, Mighty Buildings is a construction technology company dedicated to reimagining the building industry by using a combination of 3D printing, robotics, and advanced composite materials, paired with the latest in design thinking and supply chain partnerships, to create a network of micro Mighty factories. Such facilities can produce 200-300 homes per year in locations where housing gaps exist, creating sustainable housing options quickly, locally, and at scale.
Projects range from pre-designed ADUs for homeowners to single family residential developments utilizing their panelized Mighty Kit System.
FinSMEs
14/07/2021