Modulous secures follow-on investment from CEMEX Ventures, Blackhorn Ventures, and GroundBreak Ventures to scale its construction technology platform.
The funding round was backed by CEMEX Ventures, Blackhorn Ventures, and GroundBreak Ventures to support team expansion and software development.
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.
Modulous has secured fresh backing from a syndicate of investors including CEMEX Ventures, Blackhorn Ventures, and GroundBreak Ventures. The funding will be deployed to expand the company's building design and technology teams while accelerating the evolution of its proprietary software platform. This latest injection of capital follows a period of significant commercial progress for the London-based startup following its success in the Construction Startup Competition 2020.
From the founder
"our digitally led approach to project management and innovative ‘kit of parts’ platform delivers sustainable, high quality housing at a fraction of the time of traditional construction. Modulous provides partners with the end-to-end tools necessary to accurately estimate project costs, compress programme timescales and mitigate against the risks inherent in planning, design, and implementation"
Chris Bone
CEO at Modulous
Investor perspective
"We have to put Industrialized Construction and MMC at the heart of design, manufacturing, logistics and assembly. The change to a “product mindset” (instead of project mindset) will open multiple benefits to our industry like efficiency, climate action and sustainable profitability. Modulous is offering an unrivalled value proposition based on technology, flexibility and scalability"
Mateo Zimmermann
Investment Manager, CEMEX Ventures
Use of funds
- 01Continue product development