Icon, who builds home using 3D printing, has closed to $ 56 million in series C funding co-guided by Norwest Venture Partners and Tiger Global, the company has confirmed to Techcrunch exclusively.
The growth represents a close first for Austin -based icon, according to a spokesman. Existing CAZ investment supporters, LenXModern Ventures, Oakhouse Partners and Overmatch Ventures also participated in round. Extra funding of “up to $ 75 million” is planned, according to the spokesman.
The icon refused to reveal its new rating or comment on whether the rating was raised, down or flat. The new capital infusion brings the total starting to over $ 500 million. At the time of its last rise in February 2022 – an extension of $ 185 million and a series B – the icon rating was said to be “approaching $ 2 billion”.
Former Presidential Candidate and Congressman Will Hurd, who previously invested in ICON, has also joined the company’s board.
Founded at the end of 2017, Icon started during SXSW in March 2018 with the first permitted 3D house printed in the US that it took about 48 hours (25%) to print.
Icon plans to use its new capital mainly to “promote the development of” Phoenix, its 3D multi -storey printers line so that it can “begin to place robotic technology in the hands of builders”. The new robotic printer, the spokesman said, allows multi -storey construction using a new low -carbon construction material.
However, the company is still building a house itself. Icon still plans to “design and build a selection of key projects throughout the apartments, hospitality, social/affordable housing and those within the Defense Department,” the spokesman said.
Over the years, Icon says he has printed nearly 200 houses and structures in the SH.BA and Mexico “beyond social/affordable, market housing, disaster facilitation apartments, barracks and other US military structures, NASA and dod. ” Some of those structures include home with a single family for homeless.
In January, the company confirmed that it was issuing 114 employees. At the time, the company said “had recently made a difficult decision to reassess” the size of its team and the team “to focus on our highest advantages and continue to invest in our opportunities good growth. ” Currently, it has about 200 employees.
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