Katerra, the construction and design services platform backed by contract electronics manufacturer Foxconn, has raised $28.8m in new funding, according to a regulatory filing.
Although the filing states that Katerra is targeting a $30m close for the round, Axios reported yesterday that the company aims to raise more than $200m, adding to the $220m it had secured when it emerged from stealth in April 2017.
Founded in 2015, Katerra has created a platform that provides access to an end-to-end range of services for contractors, including design, technology, material sourcing and supply chain management, manufacturing and construction.
The company’s investors when it emerged from stealth included Foxconn as well as venture capital firms Khosla Ventures and DFJ, investment firm Greenoaks Capital, hedge fund sponsor Moore Capital Management and wealth management firm Paxion.
Katerra closed a $130m round in April 2017 that valued it at valuation of more than $1bn but did not disclose the identity of the participants in that round. It merged with multifamily renovations provider United Renovations in April 2017 and acquired architectural studio Nystrom Olson two months later.