{"id":194483,"date":"2023-09-13T00:00:00","date_gmt":"2023-09-13T00:00:00","guid":{"rendered":"https:\/\/facfox.com\/news\/mighty-buildings-raises-52-million-in-funding-money-funding\/"},"modified":"2023-09-13T00:00:00","modified_gmt":"2023-09-13T00:00:00","slug":"mighty-buildings-raises-52-million-in-funding-money-funding","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/mighty-buildings-raises-52-million-in-funding-money-funding\/","title":{"rendered":"Mighty Buildings raises $52 million in funding Money & Funding"},"content":{"rendered":"

Mighty Buildings, a leader in 3D printing<\/a> construction technology known for its prefabricated, environment<\/a>ally-friendly, and climate-resilient homes, has raised $52 million in funding \u2013 demonstrating strong investor confidence in Mighty Buildings\u2019 innovative offsite 3D printing<\/a> construction technology. The round was co-led by Wa\u2019ed Ventures, the $500 million innovation-focused venture capital fund backed by Saudi Aramco, and by BOLD Capital Part<\/a>ners, a US disruption and transformation-focused venture firm.<\/p>\n

Existing investor Khosla Ventures and new investor KB-Badgers, a South Korean fund focused on advanced manufacturing, automation, and sustainability, were among a total of almost 20 investors in the round. The new investors contributed more than half of the funds raised.<\/p>\n

<\/p>\n

The funding is earmarked to accelerate development and scale production of new homes for the US market, where new home demand continues to increase, as well as to establish manufacturing operations in Saudi Arabia and the United Arab Emirates, two of the largest and fastest growing construction markets in the world. The addition of operations in the Gulf region aligns with Mighty Buildings\u2019 strategy to transform housing construction while addressing sustainability, climate resilience, and the global housing shortage.<\/p>\n

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\u201cThe team at Mighty Buildings have reaffirmed our confidence in the incredible and diverse potential for innovation lying within the construction tech industry. Our investment in the company reflects our belief that innovative materials, as those used in Mighty Buildings\u2019 proprietary 3D printing<\/a>, will be a major driver for scalability and sustainability of homebuilding in the Gulf Region,\u201d said Fahad Alidi, Managing Director at Wa\u2019ed Ventures.<\/p>\n

Designer: EYRC. Project owner: Mighty Buildings. <\/p>\n

Mighty Buildings is meeting a rapidly growing demand for sustainable, prefabricated housing, as evidenced by the delivery of over 50 units to date. The company is making it easier, faster, and more cost-effective to build homes, while pushing the construction industry towards lower carbon, climate-resilient solutions.<\/p>\n

\u201cThis recent funding underlines Mighty Buildings\u2019 leadership in the modular homebuilding market. It will accelerate our growth by funding the international expansion to one of the most exciting homebuilding regions in the world. We are thrilled about the support from such esteemed investors for our mission: solving the housing and climate crises by transforming the way the world builds homes,\u201d said Rene Griemens, CFO of Mighty Buildings.<\/p>\n

Following the opening of its industrial-scale factory in Monterrey, Mexico, in 2022, the company continues to emphasize its strategy of transformative home building. Mighty Buildings\u2019 patented factory-based 3D printing<\/a> manufacturing process speeds up construction by 3-4x \u2013 providing for the completion of a home\u2019s envelope in less than one week with drastically less water usage and near zero waste. Using its patented Lumus material, which is 5x stronger than concrete, the company\u2019s technology creates climate-resilient homes that are able to resist most severe conditions such as weather, hurricanes, and eart<\/a>hquakes.<\/p>\n

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DEEP \u201cemerges\u201d from stealth with WAAM 3D printed subsea habitat: <\/a>Steve Etherton, President, EMEA of DEEP, said: \u201cWe need to preserve the oceans. To do that we need to understand them. The oceans sit at the center of many of the generational challenges the world is facing, and they also offer opportunities we have not even begun to comprehend. They are the source of at least every other breath we take. They influence the weather. They influence the climate. They influence us. Yet, this life-sustaining ecosystem remains surprisingly unknown. Through our innovative technology, DEEP will enable scientists to operate at depth for extended periods of time and we hope, in some small way, will contribute to our understanding of this life-giving environment\u201d.<\/p><\/blockquote>\n

* This article is reprinted from 3D Printing Media Network<\/a>. If you are involved in infringement, please contact us to delete it.<\/p>\n

<\/i> Author: Edward Wakefield<\/p>\n","protected":false},"excerpt":{"rendered":"

Mighty Buildings, a leader in 3D printing construction technology known for its prefabricated, environmentally-friendly, and climate-resilient homes, has raised $52 million in funding \u2013 demonstrating strong investor confidence in Mighty Buildings\u2019 innovative offsite 3D printing construction technology. The round was co-led by Wa\u2019ed Ventures, the $500 million innovation-focused venture capital fund backed by Saudi Aramco, and by BOLD Capital Partners, a US disruption and transformation-focused venture firm.<\/p>\n","protected":false},"author":3,"featured_media":194485,"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":"\/wp-content\/uploads\/2023\/09\/5411377759644946037.jpg","fifu_image_alt":"","footnotes":""},"categories":[204],"tags":[815],"class_list":["post-194483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-architecture","tag-construction-3d-printingmoney-funding"],"yoast_head":"\nMighty Buildings raises $52 million in funding Money & Funding - FacFox News<\/title>\n<meta name=\"description\" content=\"Mighty Buildings, a leader in 3D printing construction technology known for its prefabricated, environmentally-friendly, and climate-resilient homes, has raised $52 million in funding \u2013 demonstrating strong investor confidence in Mighty Buildings\u2019 innovative offsite 3D printing construction technology. 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