Katerra joined the Unicorn Club after raising multiple rounds, including a $999M Series D tranche in Jan 2018, a $700M Series D tranche in Jan 2019, and a $200M Series D in Dec 2020, totaling $2.14B in funding. Headquartered in Menlo Park, United States, Katerra combined prefabricated building systems, design software, and vertically integrated supply chains to reduce construction time and cost. Funding supported factory buildout, modular product lines, software development, and rapid geographic expansion.
Keep reading to see how Katerra aimed to industrialize construction with technology, manufacturing, and integrated services.
What Is Katerra and What Does It Do?
Founded in 2015 by Michael Marks, Katerra is a Menlo Park–based (United States) construction-tech company. The firm employs approximately 286 people and provides modular building components, AEC software (Apollo), design services, and end-to-end construction delivery supported by factory production.
Katerra’s approach integrates prefabricated materials, project management software, and field assembly to reduce schedule risk, cost overruns, and improve quality for multifamily, hospitality, and commercial construction projects.
How Much Funding Has Katerra Raised?
1. Series D (Dec 2020)
- Amount Raised: $200M
- Date: Dec 30, 2020
- Lead Investors: SoftBank Group
- Purpose: Stabilize operations and fund continued factory and product development
2. Series D (Jan 2019)
- Amount Raised: $700M
- Date: Jan 15, 2019
- Lead Investors: SoftBank Vision Fund
- Purpose: Scale manufacturing footprint and accelerate project backlog delivery
3. Series D (Jan 2018)
- Amount Raised: $999M
- Date: Jan 24, 2018
- Lead Investors: SoftBank Vision Fund, Tavistock Group, Foxconn, Greenoaks, Khosla Ventures, CPP Investments
- Purpose: Build out manufacturing, expand into new markets, and advance product R&D
Total Funding Raised: $2.14B
Latest Funding Date: Dec 2020
Current Valuation: Not publicly disclosed
Key Investors
- SoftBank Vision Fund
- Details: Global growth fund backing capital-intensive, high-growth companies
- Focus Areas: Deep tech, logistics, manufacturing scale-ups
- Notable Investments: WeWork, Uber, OYO, Katerra, Grab
- CPP Investments
- Details: Canada Pension Plan’s investment arm backing large infrastructure and growth bets
- Focus Areas: Infrastructure, industrial, growth tech
- Notable Investments: Brookfield assets, global infrastructure partners
- Foxconn (Hon Hai) / Foxconn Electronics
- Details: Global electronics manufacturer investing in industrial scale and manufacturing synergies
- Focus Areas: Manufacturing, automation, supply chain integration
- Notable Investments: Broad hardware manufacturing partnerships and supply chain investments
- Greenoaks Capital
- Details: Growth equity firm focusing on consumer and enterprise internet platforms
- Focus Areas: High growth tech and marketplace businesses
- Notable Investments: Robinhood, Stripe, Slack, Katerra
- Khosla Ventures
- Details: Early-stage investor backing bold engineering and deep-tech companies
- Focus Areas: Hardtech, construction innovation, climate tech
- Notable Investments: Square, DoorDash, Impossible Foods, Katerra
Where Is Katerra’s Headquarters?
Katerra is headquartered in Menlo Park, California, United States, near major construction-tech talent and venture capital networks.
What’s Next for Katerra?
Katerra will focus on consolidating manufacturing assets, sharpening product market fit (modular hotel rooms, bathrooms), seeking sustainable capital models, and prioritizing profitable project pipelines or strategic partnerships with established contractors and developers.
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