Icon Secures More Than $200 Million In Series B Funding Led By Norwest Venture Partners To Support Rapid Growth And Demand For 3D-Printed Construction
Icon Secures More Than $200 Million In Series B Funding Led By Norwest Venture Partners To Support Rapid Growth And Demand For 3D-Printed Construction
08/24/21, 12:11 PM
Location
austinMoney raised
$200 million
Round Type
series b
ICON, developer of advanced construction technologies including robotics, software and building materials, today announced it has completed a $207M 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's largest homebuilders, ICON's 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's total funding since launching its revolutionary technology to $266 million.
Company Info
Location
austin, texas, united states
Additional Info
”Since then, the startup says it has delivered more than two dozen 3D-printed homes and structures across the U.S. and Mexico. ICON was founded in late 2017 and launched during SXSW in March 2018 with the first permitted 3D-printed home in the U.S. For some context, ICON says its proprietary Vulcan technology produces “resilient, energy-efficient” homes faster than conventional construction methods and with less waste and more design freedom.