Fundz

Construction Tech Firm Modulous Raises $11.5 Million To Help Developers, Architects, And General Contractors Build Net-Zero Modular Homes Without A Factory

PRIVATESep 12, 2022

Amount Raised

$11.5 Million

Round Type

Funding Round

SoftwareReal EstateConstruction

Description

Modulous, a Seattle and London-based construction technology company helping developers and construction firms build modular housing without capital intensive factories, has raised $11.5 million of Series A funding to further grow its physical and digital technologies. The funds were raised from investors that include SFV, the venture arm of German real estate developer Patrizia, Regal London, one of the U.K.'s best-regarded real estate developers, CEMEX Ventures, the venture arm of construction giant CEMEX, Blackhorn Ventures (U.S.), GroundBreak Ventures (Canada), Goldacre (U.K.), and Leela Capital (U.K.). The funding is a rare example of a tech firm increasing its valuation as global markets slide – a testament to growing interest in companies that help decarbonize the real estate and construction industries.

Quick answer

Modulous raised $11.5 Million in a Funding Round round, dated September 12, 2022.

How much did Modulous raise?
Modulous raised $11.5 Million in a Funding Round round on September 12, 2022.
What does Modulous do?
Modulous has created the first globally scalable model for the design and delivery of homes.

Source: Fundz verified event record.

Who else raised in Real Estate and Construction around the same time

Companies in the same sectors as Modulous that raised within 45 days of this round, from Fundz verified event records.

  • SwiftConnect raised $17M (Series A) on October 26, 2022.
  • HOF Resort & Entertainment raised an undisclosed amount (Funding Round) on September 30, 2022.
  • VeriFast raised $3.5M (Seed) on September 28, 2022.
  • Newmark raised $210M (Funding Round) on September 26, 2022.
  • PassiveLogic raised $15M (Funding Round) on September 20, 2022.
  • Dealpath raised $43M (Series C) on September 8, 2022.

Who to call at Modulous, and when

A new round usually means Modulous is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Modulous

About

Modulous has created the first globally scalable model for the design and delivery of homes. Our goal is to eliminate the global deficit of 500 million homes while improving industry efficiency, designing out waste and raising quality and performance standards. Our software delivers highly engineered design solutions, detailed cost information and accurate programmes at concept stage, completely reshaping the risk/reward equation for landowners and developers. It also ensures best-in-class sustainability standards, with a reporting tool that enables benchmarking against ESG criteria. Designs are based on our proprietary kit of parts, which is a series of sub-assemblies procured from the established supply chain and brought together by our logistics partner to create modular homes in facilities local to site. We are now developing alternative assemblies to suit the global marketplace. By using leading manufacturers to produce our kit of parts, we remove the need for dedicated factories, and we engage and upskill local labour in the assembly process. Our asset-light methodology cuts fixed capital investment, transforms working capital requirements and democratises home building, aligning the interests of all key stakeholders in the construction process.

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Modulous raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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