Plant Prefab Secures $42M in Series C Funding

Plant Prefab, a Rialto, CA-based building technology company, raised $42M in Series C funding.

The round was led by Gerdau Next Ventures, with participation from Asahi Kasei, Brown Angel Group, ICT Capital, Unreasonable Collective, and Western Technology Investments. The round also included debt and equipment financing from Western Technology Investments and ATEL Capital Group.

The company intends to use the funds to bolster its engineering, product management, supply chain and project management infrastructure.

Led by Founder & CEO Steve Glenn, Plant Prefab is a Certified B Corporation building technology company dedicated to sustainable design, materials, and operations. Its patented Plant Building System utilizes digital modeling and fully customizable Plant Panels and Plant Modules to help architects, developers, general contractors, and individuals design and build multifamily and custom single-family homes faster than site-based methods. The system provides better quality control, design flexibility, and time, cost, and material efficiency than traditional methods of offsite or on-site construction. Plant Prefab has factories in Rialto and Ontario, California, a design studio and show home in Santa Monica, California, and a fully automated regional production hub in Arvin, California opening in 2023.

FinSMEs

07/12/2022