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TerraFirma Raises $115M to Accelerate Construction on Earth. The funding includes a $100M Series A led by Kleiner Perkins to enhance critical infrastructure efforts.
PRIVATEJul 14, 2026•26 days ago
Amount Raised
$100 Million
Round Type
Series A
AustinConstructionBuilding MaintenanceCivil EngineeringInvestors
Ravelin CapitalMagnetar CapitalPeak6DefinitionTrust VenturesSaga VenturesBanner VcGlade Brook Capital PartnersBain Capital VenturesKleiner Perkins
Description
TerraFirma, a tech-enabled construction company in Austin, has raised approximately $115 million. This funding includes a $100 million Series A round led by Kleiner Perkins, with multiple investors participating. The capital will be used to accelerate construction efforts on various infrastructure projects. Notable investors include Bain Capital Ventures, Glade Brook Capital Partners, and several others.
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Funding Insights
Based on industry dataTypical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech