RIALTO, CA, Plant Prefab today announced that it has secured $42 million in Series C round.
Plant Prefab, the first Certified B Corporation building technology company dedicated to sustainable design, materials, and operations, today announced that it has secured $42 million in Series C and other funding to support the company's capacity expansion and increased multi-unit housing production. The Series C was led by Gerdau Next Ventures, the corporate venture capital program of Brazilian steel producer Gerdau, with additional investments by Asahi Kasei, Brown Angel Group, ICT Capital and Unreasonable Collective. The round also included debt and equipment financing from Western Technology Investments and ATEL Capital Group. All parties are existing investors in Plant Prefab, reflecting strong belief in the company's growth and market opportunity.
Plant Prefab is the first Certified B Corporation building technology company dedicated to sustainable design, materials, and operations. The company's patented Plant Building System utilizes advanced digital modeling and fully customizable Plant Panels and Plant Modules to help architects, developers, general contractors, and individuals design and build multifamily and custom single-family homes 20 to 50 percent faster than site-based methods. The system provides better quality control, design flexibility, and time, cost, and material efficiency than traditional methods of offsite or on-site construction.
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