Blu Homes, a builder of precision-built, energy-efficient homes and related technology, has raised an additional $48 million of venture capital, according to a new filing by the company with the Securities and Exchange Commission. Eleven separate investors participated in the offering.

Founded in 2008, Blu makes beautiful green homes suitable for a wide range of residential, commercial and institutional buyers. Blu's breakthrough computer modeling, unique use of steel and wood and revolutionary folding technology makes beautifully designed homes more economical to ship and quicker to set up than other modern, green homes. Blu homes are healthy to live in and better for the environment because they are built with the highest green standards in mind and they are more energy efficient, quieter, better ventilated, create less waste, less destructive to the natural habitat and the open designs allow for spaces that feel larger than they are, resulting in a smaller carbon footprint.