The investment brings ICON’s total funding since launching its revolutionary technology to $266 million.
ICON has a lot to celebrate. Within the same month, the construction 3D printing company 3D printed Martian Habitat For NASA, printed its largest 3D printed Structure and now secures over $200 Million in Series B Funding Led by Norwest Venture Partners.
With this series B funding, the company has attracted both architects and largest home builders as investors: 8VC, BIG-Bjarke Ingels Group, BOND, Citi, Crosstimbers, Ensemble, Fifth Wall, LENx, Moderne Ventures and Oakhouse Partners.
“Since our unveiling in 2018, ICON’s primary work has been maturing the technology from prototype to reliable, ready-for-the-world products and services,” said Jason Ballard, Co-founder and CEO of ICON. “This has required dozens of fundamental engineering, scientific and architectural breakthroughs, and we’re very proud of where we are today. We want to turn up the velocity in a major way and are ready to scale. With the support of the very best of venture capital, strategic capital and industry partners, this round of funding will help us do just that: faster R&D, manufacturing and expansion to the people and places that need this technology.”
To date, ICON has delivered more than two dozen 3D-printed homes and structures across the U.S. and Mexico. As a reminder, the company debuted on themainstream housing market in early 2021 with the first 3D-printed homes for sale in America for developer 3Strands. Most recently, it released its next generation Vulcan construction system and debuted its new Exploration Series of homes to cooperatively develop new design languages and architectural vernaculars with renowned architects.
The first home in the series, “House Zero,” was optimized and designed specifically for 3D printing and features an elevated architectural and energy efficient design that highlights the benefits of resiliency and sustainability only found in homebuilding through 3D printing.
Ballard continued, “We’re treating this like the Apollo program for the future of the way we build and the future of the way we meet one of our most basic needs. We’re going to accelerate the growth of an elite and diverse team of scientists, engineers, architects, operators, and leaders that is now over 100 and growing. We anticipate more rapid progress in the years ahead to help bring housing and construction into the modern world and in-line with humanity’s highest hopes and values.”
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