Plant Prefab, a Rialto, CA-based constructing expertise firm, raised $42M in Collection C funding.
The spherical was led by Gerdau Subsequent Ventures, with participation from Asahi Kasei, Brown Angel Group, ICT Capital, Unreasonable Collective, and Western Expertise Investments. The spherical additionally included debt and tools financing from Western Expertise Investments and ATEL Capital Group.
The corporate intends to make use of the funds to bolster its engineering, product administration, provide chain and mission administration infrastructure.
Led by Founder & CEO Steve Glenn, Plant Prefab is a Licensed B Company constructing expertise firm devoted to sustainable design, supplies, and operations. Its patented Plant Constructing System makes use of digital modeling and totally customizable Plant Panels and Plant Modules to assist architects, builders, basic contractors, and people design and construct multifamily and customized single-family properties sooner than site-based strategies. The system supplies higher high quality management, design flexibility, and time, price, and materials effectivity than conventional strategies of offsite or on-site building. Plant Prefab has factories in Rialto and Ontario, California, a design studio and present dwelling in Santa Monica, California, and a completely automated regional manufacturing hub in Arvin, California opening in 2023.
FinSMEs
07/12/2022
