Plant Prefab, a Rialto, CA-based constructing know-how firm, raised $42M in Series C funding.
The spherical was led by Gerdau Next Ventures, with participation from Asahi Kasei, Brown Angel Group, ICT Capital, Unreasonable Collective, and Western Technology Investments. The spherical additionally included debt and gear financing from Western Technology Investments and ATEL Capital Group.
The firm intends to make use of the funds to bolster its engineering, product administration, provide chain and venture administration infrastructure.
Led by Founder & CEO Steve Glenn, Plant Prefab is a Certified B Corporation constructing know-how firm devoted to sustainable design, supplies, and operations. Its patented Plant Building System makes use of digital modeling and totally customizable Plant Panels and Plant Modules to assist architects, builders, normal contractors, and people design and construct multifamily and customized single-family houses quicker than site-based strategies. The system supplies higher high quality management, design flexibility, and time, value, 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.