SoftBank Vision Fund has invested $200m in the construction services provider, which announced the round at the same time as chief operating officer Paal Kibsgaard's ascendancy to CEO.
US-based construction services provider Katerra secured $200m in funding yesterday from SoftBank Vision Fund, the investment vehicle formed by internet and telecommunications conglomerate SoftBank.
Founded in 2015, Katerra has created an end-to-end construction offering, offering manufactured components that can be configured into thousands of building designs and structural systems, in addition to supply chain, renovation and assembly services.
The company has more than 6,000 multi-family units under construction and employs 8,000 staff globally. The additional capital is intended to position…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
