ICON, a pioneer in 3D home printing, raises $56M led by Norwest, Tiger Global

IconWhich builds the house using 3D printing, the Norwest Ventures Partners and Tiger Global have shut down $ 56 million in Series C Fund, the company has confirmed exclusively to TechCrunch.

A spokesman said the raising was the first intimacy for the Austin-based icon. Investment of existing supporter jobs, lane^XModern Ventures, Okhhaus Partners and Overmatch Ventures also participated in the round. According to the spokesperson, additional funds of “$ 75 million” have been planned.

Icon refuses to publish its new assessment or the assessment has refused to comment on whether it is below, or is flat. The new Capital Infusion Startup brings the total raised $ 500 million to $ 500 million. During its last raising in February 2022 – a series B Round’s $ 185 million extension – icon evaluation is reported to be “$ 2 billion”.

Former presidential candidate and Congressman Will Hard, who has previously invested in the icon, has also joined the company’s board of directors.

Established by the end of 2017, Icon It took about 48 hours (at 25% speed) to print the 350 square feet of foot that was launched with the first approved 3D-print home in the US during SXSW in March 2018.

The icon has planned to use the new capital of most “for its development” PhoenixThe line of 3D printers of its multi-story so that it can “start the robotic technology in the hands of manufacturers.” The new robotic printer, spokesperson, allows the construction of multi-storey using a new low-carbon building material.

However, the company is still building its own home. The icon is still “residential, hospitality, social/affordable housing and defense divisions have planned to design and build an election of the original projects,” the spokesman said.

Over the years, the icon says it has about 200 houses and structures in the United States and Mexico “social/affordable, market-rate residential, disaster relief housing, barracks and other structures for the US Army, NASA and DOD.” Some of these structures include single-family homes for the homeless.

In January, the company confirmed that it was 114 The employees let goThe At that time, the company said that it was a difficult decision to re -sign his team and team size to “focus on our highest priorities and to invest in our best growth opportunities”. “Currently it has about 200 employees.

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