Venture Capital News: Mighty Buildings Raises Additional $22M
2021-07-13
OAKLAND, CA, Mighty Buildings has raised an additional $22 million to accelerate their carbon neutrality roadmap.
Mighty Buildings, a construction technology company that is revolutionizing the construction industry by using 3D printing, advanced materials, and robotic automation to create beautiful, sustainable, and high-quality homes, has raised an additional $22M to accelerate their carbon neutrality roadmap. The company has secured a total of $100M in funding to date. The company announced today that they are moving towards a low carbon and sustainable future and has committed to get to Net-Zero by 2028 -- 22 years ahead of the construction industry. This round is supported by new and existing investors excited about the Sustainability Roadmap acceleration, such as ArcTern Ventures, Core Innovation Capital, Decacorn Capital, Gaingels, Khosla Ventures, Klaff Realty, MicroVentures, Modern Venture Partners, Polyvalent Capital, Vibrato Capital, to name a few.
Mighty Buildings is a construction technology company that is dedicated to reimagining the building industry, from the factory to the foundation. By applying state-of-the-art automation and innovative new technologies, Mighty Buildings can 3D print structures twice as fast with 95% less labor hours and ten times less waste than conventional construction. Mighty Buildings works with compliance and regulatory agencies to develop future-forward materials that are tested to the most rigorous standards with nearly zero-waste production methods. Mighty Buildings projects range from pre-designed ADUs for homeowners to single family residential developments utilizing their unique panelized Mighty Kit System. Mighty Buildings is committed to making beautiful, sustainable, and high-quality homes a reality for more people. For more information, visit www.mightybuildings.com.
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