The Foxconn-backed construction services provider, valued at more than $1bn as of April 2017, has raised $28.8m and could close the round at up to $200m.

Katerra, the construction and design services platform backed by contract electronics manufacturer Foxconn, has raised $28.8m in new funding, according to a regulatory filing.

Although the filing states that Katerra is targeting a $30m close for the round, Axios reported yesterday that the company aims to raise more than $200m, adding to the $220m it had secured when it emerged from stealth in April 2017.

Founded in 2015, Katerra has created a platform that provides access to an…