US-based homebuilding technology developer Mighty Buildings has raised $22m in funding from investors including real estate developer Klaff Realty.
ArcTern Ventures, Core Innovation Capital, Decacorn Capital, Gaingels and Khosla Ventures were also among the participants, as were MicroVentures, Modern Venture Partners, Polyvalent Capital and Vibrato Capital. The company said it has raised $100m in total since it was founded in 2017.
Mighty Buildings is developing 3D printing, robotics and automation technologies that help construction firms build sustainable houses. It intends to use the cash to create environmentally-friendly micro-factories, form supply chain partnerships and conduct research and development on bio-based materials.
Khosla Ventures and Zeno Ventures co-led a $40m series B round for the company in February 2021, investing alongside returning backers Bold Capital Partners, Giant Ventures, Core Innovation Capital and Foundamental.
New investors in the series B round included ArcTern Ventures, Abies Ventures, Modern Venture Partners, MicroVentures, One Way Ventures and Polyvalent Capital.
Mighty Buildings revealed when it emerged from stealth in August 2020 that it had graduated from Y Combinator in 2018 and had raised a total of $30m from investors including Khosla Ventures, Y Combinator, SV Angel and CoreVC. It secured $25.8m from undisclosed investors in mid-2019, according to a securities filing.
