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Mighty Buildings Pulls In $52M

OAKLAND, CA, Mighty Buildings raises $52 million co-led by Wa'ed Ventures and BOLD Capital to accelerate global expansion
Mighty Buildings, the leader in 3D printing construction technology known for its prefabricated, environmentally friendly and climate-resilient homes, today announced that it has raised $52 million in funding. This latest round demonstrates strong investor confidence in Mighty Buildings' innovative offsite 3D printing construction technology.

The round was co-led by Wa'ed Ventures, the $500 million innovation-focused venture capital fund backed by Saudi Aramco, and by BOLD Capital Partners, a U.S. disruption and transformation focused venture firm. Existing investor Khosla Ventures and new investor KB-Badgers, a South Korean firm investing from its sustainability-focused fund, were among a total of almost 15 investors in the round. New investors contributed more than half of the funds raised.

Founded in 2017, Mighty Buildings is committed to transforming the housing construction sector through the development of beautiful high-quality, sustainable, and climate-resilient prefab homes. By leveraging 3D printing, advanced material science and automation for offsite prefabrication, Mighty Buildings can build houses 3-4 times faster than the industry standard, with near zero waste, and significantly reduced environmental impact. Mighty Buildings works with compliance and regulatory agencies to develop future-forward materials that are tested and certified to the most rigorous standards, and have been proven to provide high-velocity hurricane, earthquake and water damage resistance. Mighty Buildings is actively collaborating with developers to build communities of single-family homes in various configurations, based on its unique, panelized Mighty Kit System.
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