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Is 3D printing going to disrupt the future of construction? That’s exactly what Tiger Global is betting on.
What’s happening:
- 3D printed home startup ICON has raised $56M USD in a new Series C financing round
- The funding round was co-led by Norwest Venture Partners and Tiger Global
Why it matters:
- ICON is one of the most well funded startups in the world focused on building 3D printed homes, previously landing major venture capital funds as investors including 8VC and BOND
By the numbers:
- ICON has now raised more than $500M USD in total venture capital funding since inception
- ICON has successfully 3D printed more than 180 homes located in both the United States and Mexico
Going deeper:
- Currently, ICON is collaborating with BIG-Bjarke Ingels Group to develop a new community in Marfa, Texas that is compromised entirely of 3D printed homes
The intrigue:
- ICON has publicly stated that their 3D printing technology is capable of cutting construction time nearly in half for building new structures compared to traditional construction
