New post Need visibility? Apply for a FREE post for your Startup.  Apply Here

Random

Blokable Raises $23M In Series A Funding

1 Mins read

Blokable is one of many companies that design, manufacture, and deliver fully-functional modular housing structures that can be configured, connected, and assembled. It ranges from temporary housing units and multi-apartments to retail spaces, single-family homes, and communities with private and common areas.

Blockable’s structural building pattern removes many drawbacks that hamper traditional housing development, including extended construction time, high material demands and labour costs.

According to Blokable CEOs Nelson del Rio and Aaron Holm, Blokable is raising connected housing units at scale. The company offers a vertically integrated development platform—from design, planning, financing, and permitting, to almost-complete manufacturing, delivery, on-site construction, and ongoing operational support.

“At Blokable, we build housing that solves a myriad of economic, cultural and environmental issues, while creating comfortable, inspiring places that people can call home” – Nelson

Blokable’s Seed Funding
The Seattle-based housing developer recently announced its close of a $23m Series A financing round.
The round was led by Vulcan Capital with participation from Building Ventures, Kapor Capital, Jason Calacanis’ LAUNCH, Marc Benioff, Ten Eighty Capital, Motley Fool Ventures, and angel investor Dennis Joyce. YB Choi joined Blokable’s board of directors in conjunction with the funding.

The company is currently growing its product development team and adding a second manufacturing facility in the Sacramento area. However, it intends to use the funds for product development and manufacturing expansion for its West Coast project pipeline.

Don’t miss any tech news ever!

We don’t spam! Read our privacy policy for more info.

390 posts

About author
We are the same, we may only be different in our experiences, values and exposures. Technology is a big part of my experience, learning is one of my values and writing my credible means of exposure.
Articles
Related posts
ArticleNow you knowRandom

9 Best Cities In The World For Tech Jobs In 2024

3 Mins read
As the technology sector continues to advance globally, certain cities stand out as prime destinations for tech professionals seeking new opportunities. These…
ArticleForeign startupsRandom

San Francisco-based Momentum Raises $13M In Series A Funding

1 Mins read
Founded by Santiago Suarez Ordoñez, Ashley Wilson, and Moiz Virani, Momentum, is a customer intelligence platform based in San Francisco. The platform…
ArticleNewsRandom

WhatsApp Introduces Groundbreaking Message Translation Feature

1 Mins read
In one of its many significant moves, the global microblogging platform WhatsApp is set to launch a pioneering translation feature for Android…
Newsletter Subscription

🤞 Don’t miss any update!

We don’t spam! Read more in our privacy policy

Join our Telegram channel here - t.me/TechpadiAfrica

Leave a Reply