Homebuilder Icon boosted a corporate-backed series B round to $392m while FTX, Munich Re and Alphabet contributed to IoT technology developer Helium's $200m series D.

Funding

Investment firm Tiger Global Management has led a $185m second tranche of US-based advanced materials-focused homebuilder Icon’s series B round, increasing it to $392m, TechCrunch reported on Friday, citing a source who told it the company is now valued at almost $2bn. Norwest Venture Partners led the August 2021 first close, which included property developers Ensemble and Lennar (through its LenX subsidiary), architectural firm BIG-Bjarke Ingels Group, financial services firm Citi, 8VC, Bond, Crosstimbers Capital Group, Fifth Wall,…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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