{"id":182014,"date":"2021-09-25T09:42:48","date_gmt":"2021-09-25T09:42:48","guid":{"rendered":"http:\/\/facfox.com\/news\/?p=182014"},"modified":"2021-09-07T10:20:45","modified_gmt":"2021-09-07T10:20:45","slug":"icon-scores-207-million-in-series-b-funding","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/icon-scores-207-million-in-series-b-funding\/","title":{"rendered":"ICON scores $207 million in Series B funding"},"content":{"rendered":"<p>ICON, developer of advanced construction technologies including robotics, software and building materials, today announced it has completed a $207 million Series B round of financing led by Norwest Venture P<a href=\"https:\/\/facfox.com\/news\/topics\/art\" target=\"_blank\" rel=\"noopener\">art<\/a>ners. ICON also welcomes Jeff Crowe, Managing P<a href=\"https:\/\/facfox.com\/news\/topics\/art\" target=\"_blank\" rel=\"noopener\">art<\/a>ner at Norwest Venture P<a href=\"https:\/\/facfox.com\/news\/topics\/art\" target=\"_blank\" rel=\"noopener\">art<\/a>ners, a leading multi-stage investment firm, to its Board of Directors. From world-renowned architects to the country\u2019s largest homebuilders, ICON\u2019s line-up of series B investors also includes 8VC, BIG-Bjarke Ingels Group, BOND, Citi, Crosstimbers, Ensemble, Fifth Wall, LENx, Moderne Ventures and Oakhouse P<a href=\"https:\/\/facfox.com\/news\/topics\/art\" target=\"_blank\" rel=\"noopener\">art<\/a>ners. The investment brings ICON\u2019s total funding since launching its revolutionary technology to $266 million.<\/p>\n<p>\u201cSince our unveiling in 2018, ICON\u2019s primary work has been maturing the technology from prototype to reliable, ready-for-the-world products and services,\u201d said Jason Ballard, Co-founder and CEO of ICON. \u201cThis has required dozens of fundamental engineering, scientific and architectural breakthroughs, and we\u2019re very proud of where we are today. We want to turn up the velocity in a major way and are ready to scale. With the support of the very best of venture capital, strategic capital and industry p<a href=\"https:\/\/facfox.com\/news\/topics\/art\" target=\"_blank\" rel=\"noopener\">art<\/a>ners, this round of funding will help us do just that: faster R&amp;D, manufacturing and expansion to the people and places that need this technology.\u201d<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/img.facfox.com\/imgs\/2021\/09\/b7f168b0535afe5b.png\" \/><\/p>\n<p>\u201cICON\u2019s groundbreaking technology has created a new paradigm for homebuilding that fundamentally changes how housing is constructed,\u201d said Jeff Crowe, managing p<a href=\"https:\/\/facfox.com\/news\/topics\/art\" target=\"_blank\" rel=\"noopener\">art<\/a>ner, Norwest Venture P<a href=\"https:\/\/facfox.com\/news\/topics\/art\" target=\"_blank\" rel=\"noopener\">art<\/a>ners. \u201cThe company is already building everything from single-family homes for the homeless all the way to structures for habitation on the moon and Mars.  But we are p<a href=\"https:\/\/facfox.com\/news\/topics\/art\" target=\"_blank\" rel=\"noopener\">art<\/a>icularly excited about the opportunity for ICON to collaborate with home builders and massively impact the housing shortage currently plaguing the U.S. We\u2019re thrilled to add ICON to our portfolio of innovative prop-tech leaders and look forward to p<a href=\"https:\/\/facfox.com\/news\/topics\/art\" target=\"_blank\" rel=\"noopener\">art<\/a>nering with the team in the years ahead.\u201d<\/p>\n<div style=\"background-color: #eaeaea7a; padding: 15px 30px; overflow-wrap: break-word; display: flex; align-items: center; border-radius: 4px; box-shadow: -1px 4px 20px 0px #dedede; margin-top: 1em; margin-bottom: 1em;\">\n<div style=\"flex: 1; padding-right: 30px;\">\n<h4 style=\"margin-bottom: 14px;\">Manufacturing on Demand<\/h4>\n<div style=\"display: block;\">Fast turnaround, low cost, comprehensive optimized strategy\u2026 FacFox is your one-stop partner for product manufacturing!<\/div>\n<\/div>\n<p><a style=\"background-color: #0baee8; color: white; padding: 10px 20px; border-radius: 4px;\" href=\"https:\/\/facfox.com\" target=\"_self\" rel=\"noopener noreferrer\"><i class=\"fa-fw auxicon auxicon-cloud-upload\" aria-hidden=\"true\"><\/i> Get Quote<\/a><\/p>\n<\/div>\n<p>To date, ICON has delivered more than two dozen 3D-printed homes and structures across the U.S. and Mexico\u2014more than any other construction tech company. ICON broke into the mainstream housing market in early 2021 with the first 3D-printed homes for sale in America for developer 3Strands. Most recently, ICON unveiled its next-generation Vulcan construction system and debuted its new Exploration Series of homes to cooperatively develop new design languages and architectural vernaculars with world-class architects. The first home in the series, \u201cHouse Zero,\u201d was optimized and designed specifically for <a href=\"https:\/\/facfox.com\/service\/3d-printing-service\" target=\"_blank\" rel=\"noopener\">3D print<\/a><a href=\"https:\/\/facfox.com\/service\/3d-printing-service\" target=\"_blank\" rel=\"noopener\">ing<\/a> and features an elevated architectural and <a href=\"https:\/\/facfox.com\/news\/topics\/energy\" target=\"_blank\" rel=\"noopener\">energy<\/a>-efficient design that highlights the benefits of resiliency and sustainability only found in homebuilding through <a href=\"https:\/\/facfox.com\/service\/3d-printing-service\" target=\"_blank\" rel=\"noopener\">3D print<\/a><a href=\"https:\/\/facfox.com\/service\/3d-printing-service\" target=\"_blank\" rel=\"noopener\">ing<\/a>. Additional ICON projects are underway to deliver social housing, disaster relief housing and mainstream housing, in addition to developing construction systems to create infrastructure and habitats on the moon and eventually Mars with NASA.<\/p>\n<p>Ballard continued, \u201cWe\u2019re treating this like the Apollo program for the future of the way we build and the future of the way we meet one of our most basic needs. We\u2019re going to accelerate the growth of an elite and diverse team of scientists, engineers, architects, operators, and leaders that is now over 100 and growing. We anticipate more rapid progress in the years ahead to help bring housing and construction into the modern world and in-line with humanity\u2019s highest hopes and values.\u201d<\/p>\n<p>ICON\u2019s proprietary Vulcan technology produces resilient, <a href=\"https:\/\/facfox.com\/news\/topics\/energy\" target=\"_blank\" rel=\"noopener\">energy<\/a>-efficient homes faster than conventional construction methods and with less waste and more design freedom. Designed and engineered from the ground up for volume <a href=\"https:\/\/facfox.com\/service\/3d-printing-service\" target=\"_blank\" rel=\"noopener\">3D print<\/a><a href=\"https:\/\/facfox.com\/service\/3d-printing-service\" target=\"_blank\" rel=\"noopener\">ing<\/a> of homes with precision and speed, the new Vulcan construction system can <a href=\"https:\/\/facfox.com\/service\/3d-printing-service\" target=\"_blank\" rel=\"noopener\">3D print<\/a> homes and structures up to 3,000 square feet, is 1.5x larger and 2x faster than the previous ICON Vulcan <a href=\"https:\/\/facfox.com\/service\/3d-printing-service\" target=\"_blank\" rel=\"noopener\">3D print<\/a>ers.<\/p>\n<p>ICON announced $9 million in seed funding led by Oakhouse P<a href=\"https:\/\/facfox.com\/news\/topics\/art\" target=\"_blank\" rel=\"noopener\">art<\/a>ners in October 2018. Seed round investors included Cielo Property Group, D.R. Horton and Emaar among others. Its $35 million series A financing round led by Moderne Ventures in August 2020 included CAZ Investments, Citi, Crosstimbers Ventures, Ironspring Ventures, Next Coast Ventures, Oakhouse P<a href=\"https:\/\/facfox.com\/news\/topics\/art\" target=\"_blank\" rel=\"noopener\">art<\/a>ners, Trust Ventures, Vulcan Capital and Wavemaker P<a href=\"https:\/\/facfox.com\/news\/topics\/art\" target=\"_blank\" rel=\"noopener\">art<\/a>ners helping ICON to accelerate the development of its printers, create a variety of home types and designs and enhance its core technology stack to further its mission of using advanced construction technologies to advance humanity.<\/p>\n<div><\/div>\n<div>\n<div><\/div>\n<\/div>\n<p style=\"font-size: 14px; color: grey;\">* This article is reprinted from <a href=\"https:\/\/www.3dprintingmedia.network\/icon-scores-207-million-in-series-b-funding\/\" target=\"_blank\" rel=\"noopener\">3D Printing Media Network<\/a>. If you are involved in infringement, please contact us to delete it.<\/p>\n<p><i class=\"far fa-fw fa-user\"><\/i> Author: Davide Sher<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ICON, developer of advanced construction technologies including robotics, software and building materials, today announced it has completed a $207 million Series B round of financing led by Norwest Venture Partners. ICON also welcomes Jeff Crowe, Managing Partner at Norwest Venture Partners, a leading multi-stage investment firm, to its Board of Directors. From world-renowned architects to the country\u2019s largest homebuilders, ICON\u2019s line-up of series B investors also includes 8VC, BIG-Bjarke Ingels Group, BOND, Citi, Crosstimbers, Ensemble, Fifth Wall, LENx, Moderne Ventures and Oakhouse Partners. The investment brings ICON\u2019s total funding since launching its revolutionary technology to $266 million.<\/p>\n","protected":false},"author":3,"featured_media":184935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/img.facfox.com\/imgs\/2021\/09\/b7f168b0535afe5b.png","fifu_image_alt":"ICON scores $207 million in Series B funding","footnotes":""},"categories":[204],"tags":[24,356,815,3480],"class_list":["post-182014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-architecture","tag-3d-printing","tag-construction","tag-construction-3d-printingmoney-funding","tag-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ICON scores $207 million in Series B funding - FacFox News<\/title>\n<meta name=\"description\" content=\"ICON, developer of advanced construction technologies including robotics, software and building materials, today announced it has completed a $207 million Series B round of financing led by Norwest Venture Partners. ICON also welcomes Jeff Crowe, Managing Partner at Norwest Venture Partners, a leading multi-stage investment firm, to its Board of Directors. From world-renowned architects to the country\u2019s largest homebuilders, ICON\u2019s line-up of series B investors also includes 8VC, BIG-Bjarke Ingels Group, BOND, Citi, Crosstimbers, Ensemble, Fifth Wall, LENx, Moderne Ventures and Oakhouse Partners. The investment brings ICON\u2019s total funding since launching its revolutionary technology to $266 million. ICON, developer of advanced construction technologies including robotics, software and building materials, today announced it has completed a $207 million Series B round of financing led by Norwest Venture Partners.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/facfox.com\/news\/icon-scores-207-million-in-series-b-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ICON scores $207 million in Series B funding\" \/>\n<meta property=\"og:description\" content=\"ICON, developer of advanced construction technologies including robotics, software and building materials, today announced it has completed a $207 million Series B round of financing led by Norwest Venture Partners. ICON also welcomes Jeff Crowe, Managing Partner at Norwest Venture Partners, a leading multi-stage investment firm, to its Board of Directors. From world-renowned architects to the country\u2019s largest homebuilders, ICON\u2019s line-up of series B investors also includes 8VC, BIG-Bjarke Ingels Group, BOND, Citi, Crosstimbers, Ensemble, Fifth Wall, LENx, Moderne Ventures and Oakhouse Partners. The investment brings ICON\u2019s total funding since launching its revolutionary technology to $266 million. 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ICON also welcomes Jeff Crowe, Managing Partner at Norwest Venture Partners, a leading multi-stage investment firm, to its Board of Directors. From world-renowned architects to the country\u2019s largest homebuilders, ICON\u2019s line-up of series B investors also includes 8VC, BIG-Bjarke Ingels Group, BOND, Citi, Crosstimbers, Ensemble, Fifth Wall, LENx, Moderne Ventures and Oakhouse Partners. The investment brings ICON\u2019s total funding since launching its revolutionary technology to $266 million. 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ICON also welcomes Jeff Crowe, Managing Partner at Norwest Venture Partners, a leading multi-stage investment firm, to its Board of Directors. From world-renowned architects to the country\u2019s largest homebuilders, ICON\u2019s line-up of series B investors also includes 8VC, BIG-Bjarke Ingels Group, BOND, Citi, Crosstimbers, Ensemble, Fifth Wall, LENx, Moderne Ventures and Oakhouse Partners. The investment brings ICON\u2019s total funding since launching its revolutionary technology to $266 million. ICON, developer of advanced construction technologies including robotics, software and building materials, today announced it has completed a $207 million Series B round of financing led by Norwest Venture Partners.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/facfox.com\/news\/icon-scores-207-million-in-series-b-funding\/","og_locale":"en_US","og_type":"article","og_title":"ICON scores $207 million in Series B funding","og_description":"ICON, developer of advanced construction technologies including robotics, software and building materials, today announced it has completed a $207 million Series B round of financing led by Norwest Venture Partners. ICON also welcomes Jeff Crowe, Managing Partner at Norwest Venture Partners, a leading multi-stage investment firm, to its Board of Directors. 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ICON, developer of advanced construction technologies including robotics, software and building materials, today announced it has completed a $207 million Series B round of financing led by Norwest Venture Partners.","og_url":"https:\/\/facfox.com\/news\/icon-scores-207-million-in-series-b-funding\/","og_site_name":"FacFox News","article_published_time":"2021-09-25T09:42:48+00:00","og_image":[{"url":"https:\/\/img.facfox.com\/imgs\/2021\/09\/b7f168b0535afe5b.png","type":"","width":"","height":""}],"author":"Vera","twitter_card":"summary_large_image","twitter_image":"https:\/\/img.facfox.com\/imgs\/2021\/09\/b7f168b0535afe5b.png","twitter_misc":{"Written by":"Vera","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/facfox.com\/news\/icon-scores-207-million-in-series-b-funding\/#article","isPartOf":{"@id":"https:\/\/facfox.com\/news\/icon-scores-207-million-in-series-b-funding\/"},"author":{"name":"Vera","@id":"https:\/\/facfox.com\/news\/#\/schema\/person\/7b701aad2d8f434034fcecd2c50a570c"},"headline":"ICON scores $207 million in Series B funding","datePublished":"2021-09-25T09:42:48+00:00","mainEntityOfPage":{"@id":"https:\/\/facfox.com\/news\/icon-scores-207-million-in-series-b-funding\/"},"wordCount":755,"commentCount":0,"publisher":{"@id":"https:\/\/facfox.com\/news\/#organization"},"image":{"@id":"https:\/\/facfox.com\/news\/icon-scores-207-million-in-series-b-funding\/#primaryimage"},"thumbnailUrl":"https:\/\/img.facfox.com\/imgs\/2021\/09\/b7f168b0535afe5b.png","keywords":["3d printing","construction","Construction 3D PrintingMoney &amp; Funding","market"],"articleSection":["Architecture"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/facfox.com\/news\/icon-scores-207-million-in-series-b-funding\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/facfox.com\/news\/icon-scores-207-million-in-series-b-funding\/","url":"https:\/\/facfox.com\/news\/icon-scores-207-million-in-series-b-funding\/","name":"ICON scores $207 million in Series B funding - FacFox News","isPartOf":{"@id":"https:\/\/facfox.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/facfox.com\/news\/icon-scores-207-million-in-series-b-funding\/#primaryimage"},"image":{"@id":"https:\/\/facfox.com\/news\/icon-scores-207-million-in-series-b-funding\/#primaryimage"},"thumbnailUrl":"https:\/\/img.facfox.com\/imgs\/2021\/09\/b7f168b0535afe5b.png","datePublished":"2021-09-25T09:42:48+00:00","description":"ICON, developer of advanced construction technologies including robotics, software and building materials, today announced it has completed a $207 million Series B round of financing led by Norwest Venture Partners. ICON also welcomes Jeff Crowe, Managing Partner at Norwest Venture Partners, a leading multi-stage investment firm, to its Board of Directors. From world-renowned architects to the country\u2019s largest homebuilders, ICON\u2019s line-up of series B investors also includes 8VC, BIG-Bjarke Ingels Group, BOND, Citi, Crosstimbers, Ensemble, Fifth Wall, LENx, Moderne Ventures and Oakhouse Partners. The investment brings ICON\u2019s total funding since launching its revolutionary technology to $266 million. ICON, developer of advanced construction technologies including robotics, software and building materials, today announced it has completed a $207 million Series B round of financing led by Norwest Venture Partners.","breadcrumb":{"@id":"https:\/\/facfox.com\/news\/icon-scores-207-million-in-series-b-funding\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/facfox.com\/news\/icon-scores-207-million-in-series-b-funding\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/facfox.com\/news\/icon-scores-207-million-in-series-b-funding\/#primaryimage","url":"https:\/\/img.facfox.com\/imgs\/2021\/09\/b7f168b0535afe5b.png","contentUrl":"https:\/\/img.facfox.com\/imgs\/2021\/09\/b7f168b0535afe5b.png","caption":"ICON scores $207 million in Series B funding"},{"@type":"BreadcrumbList","@id":"https:\/\/facfox.com\/news\/icon-scores-207-million-in-series-b-funding\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/facfox.com\/news\/"},{"@type":"ListItem","position":2,"name":"ICON scores $207 million in Series B funding"}]},{"@type":"WebSite","@id":"https:\/\/facfox.com\/news\/#website","url":"https:\/\/facfox.com\/news\/","name":"FacFox News","description":"News and Insights of 3D Printing and Manufacturing","publisher":{"@id":"https:\/\/facfox.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/facfox.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/facfox.com\/news\/#organization","name":"FacFox News","url":"https:\/\/facfox.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/facfox.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/facfox.com\/news\/wp-content\/uploads\/2020\/11\/facfox-news-homepg-logo-200px.png","contentUrl":"https:\/\/facfox.com\/news\/wp-content\/uploads\/2020\/11\/facfox-news-homepg-logo-200px.png","width":200,"height":55,"caption":"FacFox News"},"image":{"@id":"https:\/\/facfox.com\/news\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/facfox.com\/news\/#\/schema\/person\/7b701aad2d8f434034fcecd2c50a570c","name":"Vera","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/bf3b1e47e1f0ed2367da10e343584d5a4adb2e9675fce2aefb04f0ecf3954386?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/bf3b1e47e1f0ed2367da10e343584d5a4adb2e9675fce2aefb04f0ecf3954386?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bf3b1e47e1f0ed2367da10e343584d5a4adb2e9675fce2aefb04f0ecf3954386?s=96&d=mm&r=g","caption":"Vera"},"url":"https:\/\/facfox.com\/news\/author\/vera\/"}]}},"fifu_image_url":"https:\/\/img.facfox.com\/imgs\/2021\/09\/b7f168b0535afe5b.png","fifu_image_alt":"ICON scores $207 million in Series B funding","_links":{"self":[{"href":"https:\/\/facfox.com\/news\/wp-json\/wp\/v2\/posts\/182014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/facfox.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/facfox.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/facfox.com\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/facfox.com\/news\/wp-json\/wp\/v2\/comments?post=182014"}],"version-history":[{"count":1,"href":"https:\/\/facfox.com\/news\/wp-json\/wp\/v2\/posts\/182014\/revisions"}],"predecessor-version":[{"id":182155,"href":"https:\/\/facfox.com\/news\/wp-json\/wp\/v2\/posts\/182014\/revisions\/182155"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/facfox.com\/news\/wp-json\/wp\/v2\/media\/184935"}],"wp:attachment":[{"href":"https:\/\/facfox.com\/news\/wp-json\/wp\/v2\/media?parent=182014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/facfox.com\/news\/wp-json\/wp\/v2\/categories?post=182014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/facfox.com\/news\/wp-json\/wp\/v2\/tags?post=182014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}