Modulous secures £10m in Series A funding to advance construction technology platform
The funding round was backed by investors including Sustainable Future Ventures and Regal London to further develop physical and digital technologies.
Modulous provides an end to end software platform and modular kit of parts to streamline the design and delivery of sustainable housing. The company aims to remove the need for capital intensive factories in construction.
London construction technology company Modulous has secured £10m in a Series A funding round to advance its physical and digital technologies. The investment was supported by a syndicate of backers including Sustainable Future Ventures, Regal London, and CEMEX Ventures, alongside international participants. The company provides an integrated software platform and configurable kit of parts designed to help developers and contractors build modular homes without requiring dedicated factories.
From the founder
"Building energy efficient, affordable housing without the waste and carbon footprint that accompanies traditional construction has never been more critical. Modular delivery is really the only way the housing crisis can be resolved, but, for many, the upfront capital investment has held back the industry’s ability to scale. We are keen to prove that by collaborating with each other, the industry can move forward with transparency and cost certainty front and centre. That’s why we are delighted to have completed this Series A round in the most testing funding environment for decades. It’s a testament to the potential we have to solve the housing crisis and, to the amazing team we have built."
Chris Bone
CEO at Modulous
Investor perspective
"We are very pleased to back the outstanding Modulous team, which brings together experts across design, construction, and technology. Modulous stands out for us in the way it has brought together the physical and the digital in the built environment by combining its ground-breaking "Kit of Parts" modular solution with a digital design platform. We are excited to support the company’s mission to reinvent the way homes are delivered while prioritising better outcomes for people and planet."
Conan Lauterpacht
Founding Partner, Sustainable Future Ventures
Investors
SFV
Regal London
Mateo Zimmermann
CEMEX Ventures
Conan Lauterpacht
Sustainable Future Ventures
Blackhorn Ventures
GroundBreak Ventures
Goldacre
Leela Capital